Benefits of buying vs. renting
The kind of long term payoffs that come about as a result of purchasing a home in comparison to renting one cannot be ignored.
As much as renting is deemed very flexible, it lacks the sort of tax advantages as well as the quality of life benefits that those who have purchased their homes enjoy. First of all, buying a home means that you have started making savings as this instantly becomes something that own, and could be able to get returns from it if you ever decide to sell as opposed to renting where all the money that you pay for your occupation never gets back to.
Basically, buying a home is in a way a very creative way of building up wealth. People who buy homes are able to in a way live the kid of lives they would really prefer.
This argument is built on the reality that, a home owner is able to define their home exactly like they would want it to be designed, as opposed to when you rent where you are supposed to when you rent where you have to maintain the house the way you found it rest you lose your security deposit.