The idea that home ownership guarantees growth is a fallacy. In most cities prices only keep up with inflation.
Ergo you are financially better off renting, and investing the money you would have spent on a house.
Ergo you are financially better off renting, and investing the money you would have spent on a house.
A fixed rate mortgage will only change slightly with property taxes and insurance.
Even if the value of the house only goes up with inflation, you still get larger returns because you can take advantage of leveraging other people’s money.
Also, a paid off house means that’s one expense you don’t have to worry about after you retire.