You forget costs for insurance and maintenance of the house. Plus the costs of having your money tied up in a illiquid asset. And lets not forget that a house

You forget costs for insurance and maintenance of the house. Plus the costs of having your money tied up in a illiquid asset. And lets not forget that a house takes time and is something on your mind. Time is probably the asset I personnaly value the most. I purchased a house a few years ago (after many many years of renting by choice) and the cost in time is VERY annoying for me.