> Most importantly, owning your home in full means that you're not paying landlord each month and it can also be passed down to your children. You can also own

> Most importantly, owning your home in full means that you're not paying landlord each month and it can also be passed down to your children. You can also own an apartment in full, and pass it down to your children. At least where I live, this includes a fractional ownership of the building and land itself (that is, the owners of the apartments collectively own the building and land). You don't have to pay rent to a landlord. Of course, you have to pay monthly to the "condomĩnio" which manages the common areas of the building (and, in older buildings, the water bill is shared and paid together with that; newer buildings have it measured individually for each apartment). But that's still less expensive than renting (especially because, when renting an apartment, you also pay the "condomínio" bill together with the rent).