So, a trader I know on another forum is saying that purchasing a home is not a good idea. His premise is that owning a home is a liability, and I understand there are expenses related to it, but I feel as though it is expense neutral. Why pay rent when you can own for less and walk away with something in the end?
Am I missing something here? If, as a financial advisor or friend, someone asked you whether they should buy or rent, what would your response be?