The 3 worst reasons to buy a house

The decision on whether to rent or buy has rarely been tougher.On the one hand, spiraling real estate prices make people afraid they'll be priced out of the market if they don't buy soon. On the other hand, renting is a relative bargain in many high-cost areas, and a growing chorus of economists warns us about the possibility of housing bubbles in many markets.If youre facing this nerve-racking decision, you need facts, not myths.It's a fact that homeownership is a great way for most people to build wealth over time. But that doesnt mean everyone should be a homeowner. Its a bigger commitment and more expensive than most first-time buyers ever realize. You should have a clear idea of what youre getting into before you commit to 30 years of payments -- and you shouldnt let any of the following popular legends guide your decision.