Pros & Cons of Renting and Buying Houses

 First, let’s look at the pros and cons of buying a house

Pros:

Forces you to save instead of just writing a rent check each month.

More stable

Cons:

Puts a lot of your wealth into one asset in one place, which doesn’t allow you to diversify.

Now let’s look at renting.

Pros:

Allows you to diversify 

Allows you to move easily if you need to.

Cons: need to spend money every month.

Rent prices might go up.