[underwater]

Firstly, there is a lot less security in renting. I can be evicted with a months notice. While I'm young that's part of the trade off but when I have a family I wouldn't appreciate that level of control over my life being in the hands of my landlord.

The second reason is the fact that when I fully own a house I will feel more financially secure. I won't have to worry about making rent payments for the next X years of my life and I'll feel better prepared for unforeseen circumstances. I might be able to achieve the same security by investing my money in other areas; but I much prefer investing in something tangible.