If your primary motivation in buying a house is to show a status symbol, you shouldn’t be buying a house.

People also tend to underestimate the possibilities of home ownership that can build you wealth in a hurry.

For example, if you buy a house with 3/4 bedrooms, live in 1 and rent out the others then in most cases you can live for free as your tenants pay the PITI. Name me one place you can rent for $0 a month.