Comment by darrylb42

And what I never got when I was younger rent ticks up 2-4% every year, your mortgage costs are fixed. I am now locked in paying the same as what I had in rent 5 years ago. I used the the same rent vs buy cost allocation with a down payment to get the monthly cost I wanted. Percent of my income for housing costs has actually dropped since buying, that never happened when I rented.