Homeownership in a transient society

Owning a home or renting a home is fundamentally a major financial decision.  A home is a immovable liability in any area of that does not have an increasing population and job opportunities.  The psychological and cultural importance of owning a home is exaggerated, knowingly and unknowingly.  The cliche is that you can’t put a price on it; the fact is that homeowners do place a price on home ownership through the home mortgage.

Real estate agents ridicule renters by saying that “they are throwing away money”, this notion from overpaid sales professionals should to be taken with a truck load of salt.  Renting is analogous to the modular design concept, the important advantage is flexibility.  Non-modular design is analogous to homeownership, it ties into obsoletism.

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