Buying has almost always been favored over renting when it comes to housing. For some, renting is considered “throwing money away” while buying is an “investment.” The truth is, the answer to the rent-versus-buy question is much more nuanced than this “one size fits all” approach. It’s more like “which size fits me?”
That is because cost is not the only consideration. Lifestyle, age, work situation, desired location, and readiness to settle down for the long haul are all factors that must also be evaluated when choosing a place to live.
