<prompt> Human: Is there any truth to this? I have no clue about home ownership and real estate markets. But her banker sister says there isnt equity in homes anymore and since the housing bubble burst buying a home is a horrible idea because they basically arent worth much now. What can I say to convince her that renting for the rest of her life isnt exactly a great idea either? If it helps, shes currently in Alabama.Edit: She has no outstanding debts, no credit cards. Decent credit score. She makes enough to survive and puts about 10 in savings. I dont know how much she has saved but I doubt its enough to fund her retirement. And she wants to stay in Alabama.Thanks for the input guys. 65K cash in hand is a lot of money to get all at once and I thought investing in a home would be the best use of it. I may have her look into something else to make sure that money isnt squandered over time.Edit 2: Yea just for the added info you guys have been asking for. She makes 40K before taxes, which isnt much I know, but thats one of the main reasons she moved to AL, because the cost of living is cheaper down there. Her rent is 700 for a 2 bedroom and shes taking care of my little brother still. Ive read every comment and Im still looking through the links. Thanks again.Assistant: There may be better things to do with the money. What does your mom want?Human: Long story short, her sister thinks this entire financial system is on its last legs so shes basically telling my mom to spend some on a vacation and stuff the rest in her mattress before shit hits the fan. No, my aunt wont tell people walking into her bank that when they inquire about a mortgage, but thats her candid response to my mom and my mom puts A LOT of faith in her sisters advice.  <response>: Woah, there. More people need to see this comment. Put what your aunt said in the main text at the top. You aunt says the system is going to collapse, yet to hold on to her money? That doesnt add up. Although I personally think that is crazy extremist talk, if your mom is going to trust your aunt on that, at least make sure her decision lines up with her theory. 