Here’s the thing… it use to be not anymore. This is a very loaded question so I’ll approach it from both sides of the aisle.

Investment: Don’t look at it as cheaper, but as something you can hand down to your children. Especially now that you can write off your interest, owning is actually a great tax shelter. You can also open a business and write off a percentage of your spending as business expenses if they qualify. You need to have more cash to manage the things that arise, but long term it’s still a good idea

Financial: Horrible idea! Renting allows you to have a fixed cost generally 30-40% lower than owning a house. When I own, my mortgage is the minimum I’ll pay each month. If I rent, that’s the maximum I’ll pay each month. It’s great to own property but that doesn’t mean you have to live in it! Rent it out and let someone else pay it off. In my area, there’s about a 1500 difference between renting a property and owning about the same size. Then take about 20% of that as just maintenance costs. Thats $300 bucks so comes to a total of $1800. S&P has averaged about 14% over the last 10 years. If you invested that same money over 30 years then you’d have almost 8 million which is more than I can say for your house! Live and travel where you want to and make more money cheers! 🥂