Once owned outright, a home also serves as insurance against economic downturns. Rent, 4 or 5 year economic slump and people are out of a home. Ownership does

Once owned outright, a home also serves as insurance against economic downturns. Rent, 4 or 5 year economic slump and people are out of a home. Ownership doesn't lead to this. Even mortgages have more forgiveness for late payment than most rental agreements. Multi-generational property ownership also helps. Buy a good house now, and your kids/grand kids have insurance against economic downturns.