Look more than 10 years into the future. 20 years from how as a renter your ongoing costs will be high. 20 years from now as a home owner with the mortgage lo

Look more than 10 years into the future. 20 years from how as a renter your ongoing costs will be high. 20 years from now as a home owner with the mortgage lower and inflation on everything higher, your ongoing costs will be low. Owning a house is an exercise in deferred gratification, similar to owning most businesses.