> I am not saying that this is what will always happen or that owning a house is strictly worse…
In my adult life I have lived in ten rental properties and have purchased two homes (currently living in one of them). In my cases of home ownership, my property values increased enough over the time I lived in those properties that you could theoretically view the monthly outlay of my mortgage and taxes as nearly a zero sum game. However rent was always an expense and the amount of investment income I made on a theoretical “down payment” amount across the terms of those leases would not come close to erasing the rent I paid.
I realize this is anecdotal and specific to my location and frankly luck, but for me it makes having a mortgage make sense financially.
In my adult life I have lived in ten rental properties and have purchased two homes (currently living in one of them). In my cases of home ownership, my property values increased enough over the time I lived in those properties that you could theoretically view the monthly outlay of my mortgage and taxes as nearly a zero sum game. However rent was always an expense and the amount of investment income I made on a theoretical “down payment” amount across the terms of those leases would not come close to erasing the rent I paid.
I realize this is anecdotal and specific to my location and frankly luck, but for me it makes having a mortgage make sense financially.