> You don't need to purchase a home - but historically - if you did - you've been much better off financially. [citation needed] Per the The Credit Suisse Glo

> You don't need to purchase a home - but historically - if you did - you've been much better off financially. [citation needed] Per the The Credit Suisse Global Investment Returns Yearbook 2018, the global return for real estate from 1900 to 2017 was 1.3%, while stocks returns 5.2%: * https://www.credit-suisse.com/media/assets/corporate/docs/about-us/media/media-release/2018/02/giry-summary-2018.pdf https://www.credit-suisse.com/media/assets/corporate/docs/ab... Rent is often cheaper than mortgage payments, and is very more often cheaper than mortgage payments plus the cost of maintaining a home. If you take the difference and investment you can have just as must equity in a few decades. Preet Banerjee goes over the math in this ten minute video: * https://www.youtube.com/watch?v=KAMeI4uHAFE https://www.youtube.com/watch?v=KAMeI4uHAFE He rents: * https://www.speakers.ca/2013/10/preet-banerjee-sold-his-house-and-rents-why-he-couldnt-be-happier/ https://www.speakers.ca/2013/10/preet-banerjee-sold-his-hous... If you want to know when it makes financial sense, the "5% Rule" by Ben Felix is a decent place to start: * https://www.youtube.com/watch?v=q9Golcxjpi8 https://www.youtube.com/watch?v=q9Golcxjpi8 * https://www.youtube.com/watch?v=Uwl3-jBNEd4 https://www.youtube.com/watch?v=Uwl3-jBNEd4 Until recently he was a renter, but purchased a house 1-2 years ago. Not exactly happy with the decision though: * https://www.youtube.com/shorts/L5SAF0SHD1w https://www.youtube.com/shorts/L5SAF0SHD1w