Paying rent is the same as paying 100% interest. You lose everything you have paid, it counts towards nothing for you.
Paying a mortgage, you pay part amortization and part interest. Even if only 10% of your monthly payment is amortization each month, it's better than paying rent.
> If you're renting, in a market where rents are about the same or lower than mortgage interest, then you keep the leftover cash that the buyer put into their house and you can put into whatever investment you choose.
Such a market doesn't exist anywhere on this planet. Rent is always higher than mortgage + interest.
Paying a mortgage, you pay part amortization and part interest. Even if only 10% of your monthly payment is amortization each month, it's better than paying rent.
> If you're renting, in a market where rents are about the same or lower than mortgage interest, then you keep the leftover cash that the buyer put into their house and you can put into whatever investment you choose.
Such a market doesn't exist anywhere on this planet. Rent is always higher than mortgage + interest.