Our national obsession with houses as an investment is potentially destructive, says Rob Carrick. And it’s preventing a proper buy-vs.-rent debate.

If you feel social pressure about buying your first home, read this first. I could not have said it better. Do your homework, save for a sizeable emergency fund first and test the feasibility and lifestyle changes you will have to make by saving the difference between your current rent and the total costs of the new home.  You will see, over a 12 month period, if this is suitable and comfortable enough.