The place where they live has become an investment and everyone is more willing to improve on that investment. You will notice a difference in the way people treat their neighborhood. This interest is deductible from your taxes at the end of each year along with any property taxes. There are also other deductions related to owning a home that everyone should inquire about. It's the tax break you deserve.
Homeowners build equity in their homes.
The more mortgage payments you make, the more you own, the more equity you build. Historically, homes appreciate steadily, at least as fast as inflation. Well-located homes can be an investment that appreciates even faster. You get back nada. Improvements made on your own home usually make you more money at the sale of that home and a quicker resale.