The money you spend on your mortgage (minus interest) is still yours, in the form of equity. If&#x2F;when you sell, you get that money back, modulo market fluctuations. Or your kids get it via inheritance.<p>When you rent, you might as well be lighting that money on fire.<p>There are a few other terms in the equation (property taxes in particular) but that&#x27;s it in a nutshell.