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Depending on how much money you have, should it depend on wheather you should outright own your home.. some of the richest people in the world, are also in the most dept. If you take out a mortage on a home or appartment building for say 1million. Then you rent out space, and you make a profit each month, there is no reason to tie up your own money into it.. Its always better to make money with someone elses money. If you buy a home with your own money, in hopes that it will appreciate.. as a meens to make money.. that is more risk as well as less predictible in terms of profit.
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