Yes. Told our youngest daughter that. She has been renting a home for $3,000 a month. Told her that money was thrown away. She just bought a house in the neighborhood, is closing in a couple weeks. Her mortgage is $3,000 a month, but she'll be building wealth in that home. It's a buyer's market now, she got the home $300K under original asking price, seller kept discounting until almost at her offer buying price. Same for other homes in the area, sitting on the market without buyers, resulting in price drops.
Your daughter’s making the right choice. Being able to delay gratification is a necessary component of creating wealth. A $3,000 apartment if often nicer and EASIER than a house with a $3,000 mortgage. But 10 years down the road and the owner has it all over the renter.