In response to Why I May Never Buy a House by Brandon Tryon, I stated, “If you have a mortgage, you don’t own your home, it owns you.” I would now like to go further and say that if you own a house at all, even mortgage-free, your house still owns you. Am I against home ownership? Heavens no! In fact, I am a diehard homeowner and will probably never be otherwise. I bought my first “home” at age 20, a 28-foot travel trailer. Three years and a couple of kids later, I sold it for the down payment on a singlewide mobile with an expando living room. When the fourth child was two, I traded that mobile home for half the down payment on a real house. Seventeen years later when the kids were all grown and gone, I sold that home and paid off … [Read more...]