Owning a house doesn’t give you fewer ongoing costs. It tends to give you less costs overall, but that’s heavily contingent on rental and mortgage rates. And it’s actually more administrative hassle, because you have to spend money on rates (local property taxes), repairs, and so on. The main thing owning a house gives you is it gives you is stability in terms of predicting future price changes.
Owning a house doesn’t give you fewer ongoing costs. It tends to give you less costs overall, but that’s heavily contingent on rental and mortgage rates. And it’s actually more administrative hassle, because you have to spend money on rates (local property taxes), repairs, and so on. The main thing owning a house gives you is it gives you is stability in terms of predicting future price changes.