I have started to actually visit houses with the intent to evaluate them for purchase so it seems important that I justify why I am so insistent on buying a house. My reasoning stems from the concrete to the nebulous.

1. A Generally Safe Financial Bet

Lets look at the big picture here: Source

It is a bit misleading to see just the chart so the source bears reading, but for the most part the chart tells a pretty convincing story. Generally the price of a home will rise. The actual realized profit is mitigated by upkeep costs, mortgage interest, real estate taxes, inflation, but in my estimation this is a safe bet to make. In the best case I make some money. If I just break even that is ok too, because then it is like I lived someplace rent free. If I lose money, that is no good, but the market would have to be radically different for the loss to be painful. Not to say that such things are impossible, as evidenced by the downward trend on the graph. If I am going to spend money to pay for housing I may as well try and have something to show for it at the end as opposed to renting where I will have nothing.

2. Good Timing

Refer back to the graph and see how we are on a downward trend. Housing prices now have not yet returned to their 2008 levels. There is no guarantee such a thing will happen, but generally the housing market falls a cycle of boom, bust, recovery. We had our boom, now we are in a bust (slump) where prices are depressed. Eventually, those prices will rise as we start to boom again. Best buy now when the prices are lower and ride the wave up. This is no guarantee, but it is the historical model.

3. I Could Never Live With A Landlord

I have always had a mistrust of authority. This does not carry over into the workplace, as my employer buys control of me through my salary and benefits. But the idea that I would willingly pay someone money and still let them exert some authority of my domicile is not reconcilable. They may be completely trustworthy and reasonable, but I would never be able to fully forgot that this is their place, I do not own it, I have little to no influence over it, and they can do as they will with it (minus certain legal restrictions). If I own a house then the only authority over that house will be me.

4. I Need Space

I have spent my entire life living in a single room. Granted it is a statement taken to an absurd exaggeration, but that is the way it feels. I want space to spread things out. I want an office to fill with my book and machines, I want a workshop stocked with tools and in flight projects, I want a living room I can nap in. An apartment is not going to give me that, or at least my budget is not going to allow for that. I house can give me all the space I will need.

5. I Want To Build A Home

This is where I start to go off the track a little. Clearly if I am buying a house that already exists I do not want to physically build a home. The idea here is I want to build a place for the people I know. We are diaspora, scattered. I want common ground if you will. A place anyone can come at any time. Even more than that though I want people to think of it as their house as much as it is mine. I may be on the financial and legal hook, but I do not want to people think of this place as my home, but as the home of everyone I know.

6. It Is Time For Some Risk

This reason is almost totally devoid from my standard character, but life has just been too safe. This may be my most regrettable reason in the future, but I just want more stochasticity. I want to take the risk that this plan will absolutely lead to nothing but disaster. That is exciting or to put another way exhilarating. I have always suspected I had some well repressed gambling tendencies and this may be an unfortunate time for their presence to be known, still I love the idea of taking a big chance, considering such a huge payoff.