Here's a little piece of unsolicited advice for you:
DON'T EVER BUY A HOUSE. That's how they suck you in. It's so fun! You get to pick out paint! You get to feel like an adult and breathe into a paper bag thinking about being anchored to a mortgage for the next 30 years. And then you go to Home Depot and drown your sorrows in lighting fixtures and flowers for the front yard.
But, eventually you may decide to follow your dreams and move to Denver and rent your house out and then three years later to sell it. And near the end of that three years, you realize that your renters lived in your house like it was a double-wide trailer in east Texas. And then you have to pay for all the damages while hoping that you can wring the whole security deposit out of the idiot renters. And then people come out of the wood work. Lenders and brokers and realtors and HOA administrators and all their unconscionable minions will suck you dry. Paid all of your mortgages and property taxes on time? Doesn't matter. Never missed a payment? No one cares. Never defaulted on anything ever? Doesn't apply here. Did you make sure to get a new roof and buy new windows that are eco-friendly and get the entire house re-sided and replace the water heater and the whole air conditioning system and the garbage disposal? Yeahhhhhhh, you're not going to make a profit.
In fact, once it's all said and done, you may still owe because you'll still be paying the people lined up, palms out.
Equity doesn't matter. Property value doesn't matter. Tax deductions don't count. You're better off having about 10 kids and losing your job.
So, remember you heard it here first: Don't ever buy a house.
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