[Swizec]

> Why is a mortgage strictly worse for living off of savings?

It’s not strictly worse but I assume it feels like a bigger commitment with more disastrous consequences should anything go wrong?

Foreclose on your house, your biggest asset is gone. That thing you worked for for so long.

Get kicked out of rented place. Eh, wasn’t yours anyway. Find smaller one or in a worse location, which you can afford.

Either way in my case buying is strictly worse because I can’t afford the down payment so there’s really just one option. Well, one comfortable option. I could always go homeless I guess. Would save me a lot per month ...