I just bumped into a long lost friend the other day and decided to talk over a cup of coffee. We catch up on our common friends and acquaintances and life in general. She later shared with me her dilemma on whether to she should take on a mortgage to get a house of her own.

I shared with her my thoughts that before making that big decision, she needs to evaluate whether homeownership is right for her. My take was that not all of us need a home. If she only needs to buy a home because she believes that having a home means being successful, she needs to step back and think hard about her decision.

Any other ideas out there?