I would MUCH rather use a large chunk of someone else's money (the bank's) to finance the purchase of something that will be mine after I repay the money.
You do realize, don't you - no, you don't, if you can ask this question - that when you rent, YOU are paying the property taxes? You give the landlord your rent money and the landlord uses it to pay the taxes, and pay off the mortgage, and if you live in the same place long enough, YOU bought the place for the landlord, yet YOU get nothing when you leave.
Yes, I must still pay property taxes, which go for schools and roads and other local services, and I do wish they weren't as high as they are. But what I am paying every month for those taxes amounts to 25% of the rent I would be paying to live in the house I, instead, own.