Homes are often the largest financial purchase of a person/family’s life. As such, home purchases can have dramatic impact on finances, including changing a lifetime financial trajectory. One should not ignore the financial aspects of a home purchase, but one should also consider the non-financial quality of life benefits when deciding whether/when to purchase a home. The original post summarized this by stating:
“My opinion is that 401k investment is generally financially advantageous to purchasing a home. There are also less direct financial advantages, such as being more open to opportunities for taking a high paying job out of area or working fully from home in lower cost of living area. Instead the primary benefits to buying a home are often not financial, improved quality of life benefits.”