Then there’s also the fact that rent will get raised on you every year or 2 since inflation never ends, whereas a fixed rate mortgage won’t change. 10 years from now renters will be paying twice as much and I’ll still be paying the same.
Fixed rate mortgage FTW, but the right analogy is taxes. In most states your home taxes will get reassest every year. They almost never go down. So that's similar to the rent raise. Home ownership in the USA is one of the few assets where a wealth tax is applied. It's still way better financially to own than to rent. Zero question about it.