attercoppe

Yes, and I mentioned that. That does not mean that I would pay less for mortgage, PMI, insurance, and maintenance if I owned the place. My landlord is not getting rent just from me - there are four other apartments that he rents out. He has my rent times five - that is how he is able to pay his mortgage etc and still make money.

In my situation, considering my rent, local cost of living, local land prices, and construction plus other concomitant building costs (well drilling, occupancy permit, etc), it is cheaper, not more expensive, for me to rent an apartment than to buy or build a home. That's hardly flushing money down the toilet. For you maybe it's different.