You misunderstand. The comparison I’m trying to make is this:
Scenario 1: You own a home mortgage-free. You pay maintenance costs and taxes on that property.
Scenario 2: You own the value of the same home in cash. You rent a home to live in.
How high does rent need to be before it becomes a better financial choice to choose scenario 1 over scenario 2? The break-even point is around the price where you would end up paying off the entire value of the home over ten years.