This is lousy calculation by armchair pundit. The main thing missing is all the rents you would have paid if you didn't owned the house. So if you have two scen

This is lousy calculation by armchair pundit. The main thing missing is all the rents you would have paid if you didn't owned the house. So if you have two scenarios, one where you just rented an apartment with ever increasing rents and other where you had a fixed mortgage for 30-year - you would most likely win by wide margin in 2nd scenario.