...homes aren't investments, they're places to live. If you can buy a nice house for less than you'd otherwise pay in rent, then go ahead and buyIt seems to me rather narrow to view a house as simply a p[place to live in the narrowest sense. Ownership offers the ability to create one's own environment -- paint it any color you like, put in different carpet, finish the basement, redo the yard etc etc. You'd be mad (if the landlord would even give permission) to do that in a rental. Plus you have security of tenure and no one except the bank or tax man can ask you to leave. You also get a forced savings plan. Sure, houses are not an investment like a share of Intel (that's a joke) but an awful lot of people VALUE the non-monetary benefits. I would take the broad view of the benefits of ownership.