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! 
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Here’s a great article on renting vs owning: Why I Think Many People Would Be Better Off Renting Than Owning a Home