This is something that is definitely overlooked in these discussions. I'm in the US, not living in SF or NYC but in a city growing fairly rapidly and closing on

This is something that is definitely overlooked in these discussions. I'm in the US, not living in SF or NYC but in a city growing fairly rapidly and closing on a house in a few weeks. I know that my mortgage won't increase (property taxes excluded), and I don't have to worry about a landlord deciding he wants to redevelop the property or just raising the rent enough that I'm forced to move - both of which are happening with regularity in my area. I don't think home ownership is a decision to be made lightly and I disagree with the idea presented in the article that it should be done to make money, but there are definitely numerous benefits and the idea of a mortgage being somehow evil just because it's debt is extreme. As another commenter mentioned, debt is a tool which can be used poorly or wisely.