While what you’re saying sorta makes sense I think you’re missing that money spent on a mortgage goes into an appreciating asset that you own. Money on rent go

While what you’re saying sorta makes sense I think you’re missing that money spent on a mortgage goes into an appreciating asset that you own. Money on rent goes to pay for someone else’s appreciating asset you don’t own. Insurance isn’t that much and you have to pay taxes multiple times on all your money anyway but at least property has a chance to fight back a bit or hopefully outpace inflation. The money you earn today and sits in your bank is going to be worth very little in terms of spending power by the time you want to move somewhere cheap if you’re not keeping it in investments or property. We’re entering a dark time financially and there will be a significant quality of life difference in 20 years of those who have money in the right places today.