Q: I'm currently renting a house and I'm considering buying. Which makes more sense financially?
A: This is a complex question, and the answer depends on a lot of factors. But even if you could identify all of the factors and put numbers on each, this wouldn't necessarily answer the question of which is the better choice for you.
For most people, the best reasons to own a home have little or nothing to do with whether it's a good financial investment. Everyone desires a comfortable place to live and raise their family. Which house you choose, and how you pay for it, is not just an investment. First, it's a lifestyle choice.