Pros pf Owning:
Build wealth, Renting is not as financially-thinking as owning. With your home payment, you are getting something in return. As you pay down your mortgage and your home appreciates in value, your net worth increases, building a legacy you can pass on.
Stable Costs. Whereas rents can increase every years, locking in your mortgage to a fixed payment keeps your housing cost stable over time.
Make the home your own. As a homeowner, you are free to personalize your home to your heart content!
Source of Cash. As your home appreciates, you can refinance your mortgage to pull out cash for improvements, renovations, vacations, college tuition, or passion purchases.
Tax Advantages. Your mortgage interest and property taxes can be deducted in April to lower your tax burden.
All makes sense to me.