[Quitelargegenitalman]

But you would be paying a lot just in interest, especially now.

It depends where you're located.

In my locality, the Interest Is down to the bare minimum.

You need to take into account interest, property tax, Insurance and general maintenence.

When renting, you still need to pay contents Insurance. Property tax for a home owner Is a one-off payment. As for maintenance, It's not significant.

Not to mention the overall increase in spending you are going to do filling the house with furniture

Only done once, at the most twice.

My point Is, In 30 years time you'll own the home/apartment, as opposed to having nothing to your name at 60 years old and still paying rent.

You don't need renters insurance, especially if you don't own anything and here in Canada at least, property tax is annual. That's a few grand a year you piss away for nothing.

With home prices in most urban areas these days you are going to be a wage slave for the next 50 years trying to pay off the mortgage.

You'd be better off getting a cheap rental, split it with someone, invest all the saved money in Luna and then retire in Mexico in less than 30 years. With a house at a fraction of the cost while you enjoy all the sweet gains you will make on Luna.