Most people buy homes to have control over where they live. Renting offers a lifestyle that's nearly maintenance-free. That may appeal to you, but consider that renting offers you no equity, no tax benefit, and no protection against regular rent increases.
People consider home ownership a good investment because they view it as a long-term venture.
Historically, home prices have risen at relatively steady rates. In the long run, investments in homes far outpace inflation. Home ownership always has and continues to comprise the single largest source of savings for American households. Homeowners build equity and can borrow against it. More than three-quarters of these people said they were willing to sacrifice to do that.