When you rent, 100% of your payment is an expense. You get a roof over your head for 30 days, and then the money is gone forever.
If the home’s value increases by just 3% in a year, you’ve gained $9,000 in wealth without lifting a finger. The Long Game one reason to buy a home instead of rent
Eventually, that mortgage will be paid off. While renters will likely face rising costs for the rest of their lives, a homeowner with a paid-off house significantly lowers their cost of living in retirement. When you rent, 100% of your payment is an expense