There are some people who haven’t purchased homes because they refuse to take the obligation of a mortgage. HOWEVER, everyone should realize that unless they are living rent-free, you are paying a mortgage – either yours or your landlord’s.
While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.