How long have you been living in your house, rented or mortgaged, which is better?

I lived with my mom in the countryside most of my life
because she had stroke and a widow
when she passed away, I sold the house
then rented in the city for work
until now....
I was planning to get a mortgage before the pandemic
things were chaotic so it was shelved
now, mortgage shoots up double
ugh!

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Roadsterrider · 56-60, M

If you own, after it is paid off, there is only upkeep. If you rent, it is an expense for life. I have owned several homes, some have been good investments, some have been complete bombs. I own a piece of property I intend to retire on and build a log cabin. It will be free and clear, utilities, upkeep and taxes will be my only expenses. The local market will let you know if you can likely make a profit if you move away for work. Personally, I want as few bills as I can have when I retire.