[FanaHOVA]

Because at the end of the year your assets line for home will be -$25,200. In the mortgage case it'd be -$36,000 for payments but probably like +$25,000 for home equity bought so if cash flow isn't a problem you're better off.

[Kerrick]

If your mortgage payment is $3100/mo let’s say that’s a $450k loan for 30yr at 7.5%, you are not looking at anywhere close to that much added equity after a year. Just about $4k after the first year. Less if the payment was to include taxes and insurance.

[antisthenes]

No one who's considering buying a house is only intending to stay there for 1 year.

Using this timeline for equity comparison makes 0 sense. This is more of a reply to the GP, than your post.