Absolutely true in many cases. I have a co-worker who complains about not being able to afford a home. Yes, housing prices in the South Bay division of the SF Bay Area sector in the Peoples' Republik of Taxifornia are obscenely high, but somehow people manage... usually by bringing their lunch as part of a fiscally modest approach to personal finances. She also often has purchased coffee in the mornings, and always, always buys her lunch every workday, and has done so for years. So, doing that for 10 years at a very modest estimate of $15 per lunch? Not a huge sum ($7,500, not including 2 weeks vacation per year... which also probably costs her a lot...) but with some common sense fiscally sound approaches to her personal finances, that money could go a ways towards a down payment on a home, especially had she been investing it. What she does is her own business, so it's all fine, of course. I just get tired of hearing about how she can't afford a home. So keep renting, and everything will work out.
