I will add that some value life experiences over money. To me leasing allows me access to a hunting opportunity (access to 1000s of quality acres in multiple states) that I could never afford with the owning option. It's one of the things I love to do and share with my family. Everyone has different priorities.

If you value how much your portfolio is when you leave this earth or would rather spend your money else where, leasing and many other ventures in life are not a wise decision. JMO