PRO: It’s yours
When you don’t own where you live, anything can happen. Maybe the rental company was acquired or went bankrupt, maybe the owner needs to make way for other tenants. There are a ton of random reasons why you could be left looking for a new home. Or perhaps you are renting a private home that the seller has on the market. Can we say awkward?
Owning your own home gives you the peace of mind that your home is yours… so long as you keep paying the mortgage note.