Home ownership is always framed as being about building wealth; that viewpoint inevitably leads to higher housing costs and a poorer working class (because treating housing as an investment drives up housing costs).
The true advantage to home ownership is the financial stability it brings. When #renting you are subject to inflationary increases, which means your housing costs do not remain stable, however when you own your home costs remain relatively stable for 25-30 years and then plummet once your mortgage is paid off.
The largest financial challenge of home ownership is putting enough aside each month to cover the maintenance and repair costs associated with ownership; the ones that a #landlord is supposed to cover if you rent, although many landlords shirk that responsibility. The easiest way for a home owner to deal with this is to put a small amount aside each month to cover both the unexpected repairs that crop up and the high cost maintenance
projects as stuff wears out.





