So for the most part, I have just covered most of the cons in regards to renting and haven’t talked much about the pros of owning. I myself have never owned so I can’t talk too much from personal experience, but I do have a lot of friends and know a lot of people who do own and I talk to them about it a lot.
Most Common Reasons
The two things that come up the most often when I talk to people about owning a home is that they feel much more secure and like an “adult” now that they own, and that they hope to at least make their money back when it is all paid off.
As far as being an adult, I understand why people would feel this way but I think it is kind of a stereotype that doesn’t hold much weight. Depending on where you live or where you are renting, the costs of renting can be very comparable to owning and sometimes can cost even more. I will say that for the gentlemen out there at least, it may help a little bit to own a house with the ladies and sometimes they very well may look at you in a more manly way if you own. But that is a small and kind of silly reason, isn’t it?