I was able to buy my first house outright last yr. A few yrs ago i inherited my grandparents house and last yr when we were having the real estate market boom i sold thathouse in 4 hrs time and tripled for what i asked and was able to buy my first house outright ...no mortgage or rent. I hate renting beent here , doen that and when it doesnt feel like yours its no comfortable. i have 3,000 sq ft house and a son who thinks it is his personal playground and race track with his big wheel bike