Friend, homeowner: "When are you gonna buy a house?" Me, in my head: "I can't think of a single greater trap than home ownership. It's uninspected mass lunacy, giving away all your optionality for a big bauble that eventually destroys your perspective." Me, out loud: "Someday."
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And shovel the snow, and worry about the furnace and the roof, and have to do more than gripe to the landlord when the plumbing fails... Yeah, I like apartment life. Equity schmequity.
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Also, what equity. I'm pretty sure every other asset class in my lifetime and my parents' outperformed home ownership.
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