If you own a home you live in, I think way more often than not you end up okay. We lived in our first house for 7 years and it only required a 3% down payment with a sub-4% mortgage + PMI. When we sold, we netted $100k+ including staging, repairs, and closing costs. Even with occasional renovation, maintenance, and repairs we were still +$90,000, which we definitely wouldn’t have been if we rented the same home. I know one person IRL who had financially devastating consequences from owning the home his family still lives in, and it wasn’t related to a natural disaster.