The worst assumption here is that you're gonna pay your bond off over 30 years. I payed my house off in 5. It's also an access bond, meaning, even though it's "

The worst assumption here is that you're gonna pay your bond off over 30 years. I payed my house off in 5. It's also an access bond, meaning, even though it's "payed off" it's not closed and I can use the money in there like a savings account, withdrawing and depositing back in later as I want. Essentially I'm my own "bank" now paying whatever interest my bond currently has, which is usually a whole lot lower than a credit card. If I had to calculate the interest I'm saving over the next 20 years which I can now freely speculate with it trumps renting.