Posted by Jody on February 27, 2002 at 20:41:49:
It depends… If you want to be comfortable and live like most Americans… purchase a owner occupied house, live in it and be prepared to settle into punching a time clock for the next several years. On the other hand if you really want to get ahead … I would recommend purchasing investment property and start paving the way for a brighter future. “Rich Dad Poor Dad”, mentioned that your home is a liability not an asset, assets make you money, a personal home costs you $$$.
For what’s it worth… good luck!