I don't agree that artificially restrict myself financially is a good idea.
If I tied to mortgage payments, I am less likely to try financially risky startup.
If I tied to the house I own, I'm less likely to move for the better job opportunity (or just closer to work to reduce my daily commute).
Another disadvantage of owning house is that all major repairs have to be paid by house owner.
On the other hand, it's much less likely that anybody would kick me out from my own house vs chances of my landlord kicking me out of the house I rent.
Another advantage of owning house is that owners have more control over the house than renters have (paint walls any color, having pets etc.). Neighborhood composition tend to be different around houses that are typically for rent and houses are typically for owners only.
If I tied to mortgage payments, I am less likely to try financially risky startup.
If I tied to the house I own, I'm less likely to move for the better job opportunity (or just closer to work to reduce my daily commute).
Another disadvantage of owning house is that all major repairs have to be paid by house owner.
On the other hand, it's much less likely that anybody would kick me out from my own house vs chances of my landlord kicking me out of the house I rent.
Another advantage of owning house is that owners have more control over the house than renters have (paint walls any color, having pets etc.). Neighborhood composition tend to be different around houses that are typically for rent and houses are typically for owners only.