When you rent, you are still paying for taxes, fixes, insurance, mortgage, and all other costs associated with the home you live in. But you pay even more, on

When you rent, you are still paying for taxes, fixes, insurance, mortgage, and all other costs associated with the home you live in. But you pay even more, on top of all of that, so that the landlord can make a profit. Otherwise, there is no incentive to rent the home out. If you own your own home, though, you are not paying for anyone else's livelihood: that profit all goes to you in the form of reduced living expenses. And in the end, you pay off your mortgage and now outright own an asset that can benefit your descendants for generations (whether they choose to keep it or sell it).