In USA (and many other countries, I believe), owning a house/property is a must to build your net worth. But, if you are a single person, does it really matter if you own a home? After you die, your properties will go to the state if you have not assigned someone who can inherit your stuffs. I am not attached to any one place. So, it is not important for me to stay in certain areas. I can pack up and take a hike in a few days. Edit: Owning a home means the property tax (to finance schools and other stuffs your local gov't wants to spend, home owner's insurance, home maintenance, and etc. This question is based on factoring in all the negative effects of owning your own home.