Real estate is entirely local, such that making broad generalizations like this is detrimental. In some markets it may be better to rent, in others it is better to buy. Regardless of the cost, availability is also a factor - in my market, you might as well buy if you are qualified, as the market for rental properties is even tighter than buying and rents have increased faster than home prices.
Real estate is entirely local, such that making broad generalizations like this is detrimental. In some markets it may be better to rent, in others it is better to buy. Regardless of the cost, availability is also a factor - in my market, you might as well buy if you are qualified, as the market for rental properties is even tighter than buying and rents have increased faster than home prices.