That's an excellent point, but a mortgage is not the only route to true home own... | Hacker News

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		nilkn on April 16, 2013 \| parent \| context \| favorite \| on: The Terrifying Reality of Long-Term Unemployment That's an excellent point, but a mortgage is not the only route to true home ownership. You could work and rent in a city with high salaries and low rent vs. purchase prices, then retire in a very cheap area where you can just buy a house with cash saved up, thereby paying no interest whatsoever on the house and keeping maximum mobility during your career.

fragsworth on April 16, 2013 [–]

> a city with high salaries and low rent vs. purchase prices

This is not easy to find and the market typically corrects itself over the course of a few months to a year, unless there is rent control.

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