Your Level of Comfort with Mortgage Debt

In general, buying a home makes smart sense for most people from a financial perspective. Ah, but what about your mental health. The point of life is to carve out a niche you are comfortable with. If the idea of committing to hundreds of thousands of dollars of debt makes you nauseous, well, home ownership might not be for you. The stock market returns roughly 10 percent on average, so maybe that is a better choice. The point is to recognize your comfort level and stick with it.