"Why should I pay rent and cause someone else to gain equity? With a mortgage, at least I get to keep the home at the end!"
So you're willing to harm your own ability to gain wealth in the name of not making someone else rich?
For the record, it's not just mortgage that you're paying. If your downpayment is too low, you're paying into mortgage insurance. You have to pay the homebuyer's tax. There's legal fees for the purchases, the home inspection, etc. Don't forget moving fees (unless you're one of those cheap bastards that gets friends to help move).
And during ownership, you have insurance, maintenance, strata fees, then emergency expenses (such as a refrigerator breaking down).
Then moving out, you may have to pay agent fees, moving fees, and taxes again when buying your new place. Perhaps even fees for refinancing if you're in a pinch.
None of those expenses are things you'd have to worry about if you just rented.
Rent, save the rest. https://www.bloomberg.com/news/articles/2023-02-10/millionaire-renters-are-on-the-rise-in-high-cost-us-cities