>> I bought a 4br house last year. My monthly costs are $5k. Renting a comparable home is about $3k/mo. 1. Your rents will not be $3k/mo in 10yrs and almost de

>> I bought a 4br house last year. My monthly costs are $5k. Renting a comparable home is about $3k/mo. 1. Your rents will not be $3k/mo in 10yrs and almost definitely wont be in 20yrs. Your mortgage, assuming fixed rate, will be locked for 30yrs. After that, you'll still have property taxes, but no mortgage at all. 2. You'll be forced to save each month. Post interest, you are "building equity" though that is highly variable in the short term. 3. You'll get tax benefits on the mortgage payment that you do not get for rents 4. You'll get tax benefits on your property taxes (tenuous given SALT changes) that you would not get on renting 5. You're forced to form bonds locally since it isnt easy to move as a homeowner (txn costs eat thru a lot of $). You'll invest in your community, relationships, schools, Parent Teacher Organization, etc. None of this is universal of course. If you own a house with huge issues that becomes a money pit, the equation turns against you.