Buying a home builds long-term wealth through equity growth as property values appreciate over time.
Mortgage payments help accumulate equity, acting like a savings plan that increases your net worth.
Owning a home creates an investment asset that can be passed down to future generations.
Renting covers monthly housing costs but does not contribute to building wealth or property ownership.
Homeownership offers payment stability, unlike rent, which can increase unpredictably over time.
