alt Hacker NewsNo, I read that part of the sentence. I don't know why you'd assume I didn't. Should I claim you didn't even read my entire response?
I've never heard someone claim I am throwing away money when I buy something consumable except rent. It's a stupid statement that doesn't convey any useful information.
OMG...the phrase probably comes from some real estate agent. Truth is, 50 years ago investing in US real estate was such a good investment that if you could own you did. Today, so much "value" has been squeezed out of the housing market that owning is very very difficult. Most people under 40 who own, are now all in on an investment in both the housing and interest rate markets that could either crush them or be their best lifetime investment. Its very hard to argue at this point that making such bets is a good idea for most people. The worst part is that this was all unnecessarily engineered by people who believed Disney movies accurately portrayed public policy.