Often times people don't understand the unintended consequences of what may seem on the surface as a greater good. Who wouldn't be for increased homeownership? Ask around and I'll bet you can't get anyone to say----nope I'm for renting. Three of my 4 children are in the workforce presently and I don't encourage them to buy a house because it reduces their flexibility.
The notion of home ownership for those that are still looking to either establish themselves in a work/community environment or have built up sufficient capital to be able to withstand home ownership risk is just too high. While the objective seems noble our society has always been one where people go to where the jobs are. The increase in costs and regulations associated with buying and selling houses due to our societal need to protect has significantly reduced mobility. If you don't know where you want to be professionally or can't predict where you want to live 5 years from now------rent.
One of the benefits our financial tales community enjoys is the ability to submit their own tale. We will keep your name private of course and if you send us a detailed overview of your financial situation we will respond to you directly in private and if your tale might be interesting to others we will share it with our fans and community.
Sera Capital is a registered investment advisor that manages money for individuals, couples and other advisors.