I'd sort of always been taught that investing in real estate was a "sure bet," and have lately been proven that that isn't the case. What's more, buying a house can lock you into jobs or locations that you may not want to be in for a long period of time. Many of us should be used to the idea that, especially in the beginning of our careers, we're often not in jobs for more than a year. What's more, when a mortgage comes into play, you can never take a pay cut. If you get laid off, you're in severe dire straights.
I for one am a renter. Although my family has encouraged me to look into ownership, I'm reluctant to lock myself into that investment. Who knows if I'll be in the DC area for a long time?Cross-posted at campusprogress.org/blog.