This is a good article from the Motley Fool that puts homeownership into perspective. With great properties comes great responsibilities! Of course, keep in mind the Fool is an investment site, which means that they put a lot of emphasis on such things like returns on investment, but not if you have a roof over your head.
At the end of the day, people still need a place to call home, either renting or owning. If you’re not going to be chasing jobs or relocating in the next 4-5 years, why not own?