When you pay rent you end up with receipts rather than an investment. Landlords often raise rents - every year but mortgage payments usually remain stable. You can deduct mortgage interest if you buy. If you rent, your landlord gets the deductions and uses your rent to pay the mortgage. You can deduct real estate tax when you own, if you rent, the landlord takes the tax deduction.
Home ownership is a major indicator of financial integrity.
Others respect you for your responsibility and stability. There is pride in ownership, especially home ownership. Real estate taxes are tax deductible. Local tax benefits are available in many areas. You can sell and collect your equity in cash, gaining liquidity.