Buy a House or Travel?

If you are buying a house and it is 3 times more then your rent you can always refinance in a year and take the cash out to travel. A house can be a great investment. But right now property values aren't what they should be and you need to weigh how good of an investment you are really making. When you get your appraisal done see what the comparables in the neighborhood are selling for and what your house is worth. If all the properties in the neighborhood are less then I would be a little weary of purchasing. There is always the option to buy a more affordable house and travel as well. Since homes aren't really worth what they should be I think putting all your money into a house at this point isn't wise and you could get a house that is cheaper. I currently rent my rent is double my mother mortgage. Her house is bigger then mine. These days it's more expensive to rent so I think you need to shop around for a bigger deal.