Question: what are the advantages of owning your own home?
Answer: Tax benefits. As a homeowner, you get to deduct both mortgage interest (up to $1 million) and property taxes from your annual income taxes. ... 
Price appreciation. ... 
Inflation hedge. ... 
Credit builder. ... 
Equity builder. ... 
Borrowing power. ... 
Move-up power. ... 
Owning a home can act as a personal finance management tool.