Does this correct for mortgage? Because owning through a bank loan still amounts to a monthly subscription.
However if you rent for less than the mortgage you can invest the difference into something that will grow in value more than the house (which SHOULD track inflation) and in turn end up about the same in the end.
Of course, we did need to pay a down payment. But if you amortize that over a 30 year mortgage period, we’re still better off buying than renting.