One point that will skew the above argument completely will be revenue expenditure Vs Capex. When you repay your home loan, you are paying back a part of the principle, which could be thought of as capex.
Renting leaves you without an asset and is entirely revenue expenditure.
Secondly, what is the person lives for 30 more years? and when you are 75 there is another finance minister like the current one (probably his son!) and inflation rises to 8%!
