/biz/ - Business & Finance

Why do people always say owning a house is better then renting? You still have to pay for the house for decades on end and pay for utilities. Are all the utilities cheaper then rent most of the time? I know people say it’s an investment and you can sell the house and such buy a new one but how many people can actually afford that or even do that once (or at least more then once) in their lifetimes?