[gnicholas]

Not buying a house may decrease mobility for some, especially single people. But folks who have spouses and/or kids tend to be more anchored to the community regardless of whether they rent. They have jobs and schools and friends that are hard to move away from.

Also, buying a house can be an opportunity itself. Although the new tax law makes it somewhat less tax-favored as an investment, it still offers the ability to escape capital gains taxation on up to $500k (married) of gains. There are other federal and state benefits that can make the overall purchase decision attractive.

So for some folks, yes a house can be an anchor. For other folks, they're already pretty much anchored, and the tax benefits can outweigh the downsides of incremental anchoring. Also, you can't get evicted...

[joncrane]

> buying a house can be an opportunity itself. Although the new tax law makes it somewhat less tax-favored as an investment, it still offers the ability to escape capital gains taxation

This is what I was thinking. There's nothing stopping a person from moving and keeping the house and renting it out, often at a profit over mortgate+fees+repairs+etc.