How do I choose between buying and renting?
Buyers Answers

Home ownership offers tax benefits, as well as the freedom to make decisions about your home. An advantage of renting is not worrying about maintenance and other financial obligations associated with owning property.

There are a number of economic considerations. Unlike renters, home owners who secure a fixed-rate loan can lock in their monthly housing costs and make prudent investment plans knowing these expenses will not increase substantially.

Home ownership is a highly leveraged investment that can yield substantial profit on a nominal front-end investment. However, such returns depend on home-price appreciation.

Home ownership is personally rewarding. You are now building your own equity instead of paying your landlord's mortgage for him.