Renting V owning can be summarized by the following points 1) you have an asset at the end of the mortgage you can sell 2) after the mortgage is ended you hav

Renting V owning can be summarized by the following points 1) you have an asset at the end of the mortgage you can sell 2) after the mortgage is ended you have a place to live rent free in your old age Contrast to renting where you never own the place you rent and you will have to rent in your old age. Sure, you might default on the mortgage but it’s a long processed to be foreclosed. Contrast to being evicted from rent not being paid. Both have issues on default but your chances of staying put are better for mortgaged house.