When you take soaring rent prices into account, along with the fact that mortgage interest and property taxes are tax deductible, monthly mortgage payments may be lower than your monthly rent. When you pay rent you end up with receipts rather than an investment. 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.
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. Profits are usually greater on home investments than most other investments.