[uptownfunk]

Yeah I rent in a neighborhood and my rent is a third of the equivalent mortgage. The downside is that you miss out on the annual appreciation. If you invest what you save in paying down a mortgage the market you can actually make more than what you’d make on the rental appreciation. Still I think there’s an intangible value to owning your own house and keeping that in the family, especially once you have kids / grandkids.

[granshaw]

Not to mention being in control of what you can do and when you move (if ever)