Rent or Buy a Home?

A couple stands in an empty room, counting savings and worrying about repairs.

My cousin had a big deposit in his bank account. He decided to buy his first house last year. Now he has a mortgage every month and extra money for repairs. He says he feels proud because the house is his own forever.

My sister wanted a home in a city with good schools for her kids. She decided to rent an apartment near the school instead of buying one there. Renting means she does not have to pay for expensive repairs or a big loan every month.

Some people like the freedom of renting because they can move when their job changes or their family grows. Renting is easy if you want to travel often. Buying a home means you have one place for life.

Which choice would you make if you had money for a house?