Why have your own abode

Some think it is not worth it to have your own place because of the rates and the maintenance plus the commitment to paying off a loan, etc.
Why I think it is gold to have your very own abode: You always have a place to live; housing is secure providing the mortgage is paid; it saves moving house every year or so. Sharing accommodation with mates to make ends meet is only a short term thing.
If your monthly payment is achievable while renting it is better if it pays off your mortgage and not your landlords.
Finally, as the years roll on the mortgage payments will not seem so bad and with luck your investment will increase lots, especially if there is a nice piece of land involved.