<prompt> Human: Hello all,I have been following this sub reddit for a while now and much of the advice people here give is good but I cant help but question one thing in particular. It seems like most people on this sub reddit even people that are very well off financially prefer to rent their home rather than buy. My question, is why? I work in banking so I am pretty financially savvy. I budget my money, save like crazy, plan for retirement etc... But I still live at home age 23 because I refuse to rent. I am saving for a down-payment on a home and absolutely will not give someone else my hard earned money to pay off their investment property. Where I live, the average two bedroom apartment goes for between 1600 min to 2400 per month. A small house will go from 2200 to 3200 a month. That just seems crazy to me! I could get a mortgage for a 3 bedroom home for the same cost as a small apartment. And in 30 years, I will own that home. Lacking a down payment is a good reason to not buy but I know many people that could easily save for 2 or 3 years and have enough for 10 down. Not wanting to pay for home repairs is also a reason I get, but for only 40.00 a month, we have a full home warranty that pretty much covers everything, including the pipes in the walls. So... In a case where renting is MORE or just as expensive as owning, why rent at all? P. S. People that rent... I have nothing against you. Im just trying to understand your reason for doing it. Thanks!  <response>: and absolutely will not give someone else my hard earned money to pay off their investment property. yeah, you definitely have a misunderstanding of the advantages of renting. 