It will be yours and yours alone. The freedom of owning your own home can't begin to compare to the restrictions that renters experience. You can paint the walls the color you like. Hammer a nail where you want. All without hassle from a landlord.
Home owners are a different breed.
When you live in a neighborhood or building that is basically owner-occupied, your neighbors, like you, have invested in and care about their property. Rental payments are gone, once you have made them. The longer you own your home, the larger your equity. Keep up with inflation. A home is an investment that helps you keep up with inflation.