I owned my own home when I was married, but soon after my marriage ended I moved out and the house was sold. I've been renting since then and I like the place; a small townhouse where all I do is pay rent. I don't have to mow, paint, take care of appliances, etc... It's a beautiful thing, really.
Renting does have it's disadvantages when it comes to tax season. Namely, it won't help you at all when its time to do your taxes. I started getting ideas about buying a small home where my kids could have a backyard to play in and I could take advantage of the tax benefits. But buying a house is a bit like buying a car; EVERYBODY in the freakin' world has their hands in your pockets! Sheesh! Lawyers, Real Estate Agents, Appraisers, Fees for just about anything you could imagine...
It was the same when you try to sell a house; everyone thinks they could charge you just about anything. Your buyer, on the other hand, doesn't think your house is worth anything.
as seen by you:
As seen by your buyer:
As seen by your lender:
As seen by your tax assessor:
You know what? I'm going to rent for a while...
How about you? Are you fed up with this crazy housing market, or are you just happy owning your place, unaffected by it all?