Renting vs buying a home cash

So if you can save up over several years to buy a home cash, would you recommend to do that over renting? In general, house and car are my biggest expenses, but if I can just pay for a home cash and drastically lower my monthly costs, any reason I shouldn’t And that renting is a better option anyway?

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If you want to be a homeowner, then definitely go for it!

The reasons you shouldn’t:

  • You plan to move within 5 years (the realtor and transaction fees may make it a bad financial move)
  • You want to move a lot
  • You don’t like doing maintenance or being responsible for upkeep
  • You like renting

But, if you want to be a homeowner and have the cash, I say go for it! :slight_smile: