I have a house and a mortgage (Europe, Scotland) and I pay at least half of what I would by renting. I can't speak for the US but here once you own 40% of the

I have a house and a mortgage (Europe, Scotland) and I pay at least half of what I would by renting. I can't speak for the US but here once you own 40% of the property outright, mortgages aren't a terrible idea. Of course this is based on living alone, living with my parents or something like that would likely work out cheaper.