Rent versus buy $-$ The theory behind the analysis

Based on the theory, which is better: to rent or to buy?

The decision of whether to rent or buy your housing is a personal decision that is based on both your lifestyle and your finances.

While the financial aspect of the decision is important, it is important not to base your rent$-$or$-$buy decision solely on the numbers. Your personal needs and housing market conditions are important.

The freedom to decide what, when, and what color you're going to paint can't be quantified, but it is very relevant to the rent$-$or$-$buy discussion.

What are the theoretical and lifestyle aspects of the rent$-$versus$-$buy declsion?

Among the personal and lifestyle factors that are relevant to this decision are:

Your desire for

Your desire to fix up your living space and

The personal that results from homeownership