A weekend topic from the Tacoma Daily Index. "Home ownership is not for the faint of heart. If you have an older home, you will never lack projects to keep you busy – and you could easily spend every penny you thought you had saved for retirement or that 'big' vacation on updating plumbing or a new roof or restoring, updating, repairing or rescuing some element of your home’s 'character.'"

"The good news is, once you take ownership of your own classic home, you will never be bored again – in fact you just might have more surprises coming your way than you ever could have imagined. In fact, based on my experience, once you move into your own place, you will never have spare time – or money – ever again in your life."

"I grew up in an era where everyone (1*) agreed that a home was your best investment. The reigning assumption back them was that rent was literally throwing money away."

"A home mortgage was building equity, they said. Real estate prices always go up, they all said. Nothing is better than owning your own home and fixing it just the way you want, they told me. Nobody mentioned the near infinite expenses of home ownership. (2*)"

"Renting, as much as I am almost hard-wired to hate it, (sometimes) strikes me as, in some ways, a better option. As I see it, renting has two great advantages – if you have to – or just want to – move – you give your notice, start packing and move out. You don’t need to sell your home or have any other contingencies."

"You also know how much you will pay each month – if the plumbing explodes, or the roof leaks, or anything else fails, you contact your landlord and they fix it – and pay for it. A predictable budget for housing and a possibility of a quick exit sounds like the ultimate American Dream to me. Sometimes."

"(1*) One thing I have learned from experience is that when 'everyone' agrees, they are certainly wrong. (2*) Even if they would have, those of us in the throes of love for our dream home would not have believed them anyway."