Rent or Buy House?
Life can be pretty unsettling latley with corona and other stuff. So you can see that renting is a bit difficult these days. And so buying the house is one decision that I have not taken. So I am thinking about such option between the two.

What is your approach in such case? Which one would you choose?
I think every area is different (think LCOL area vs. HCOL), but ultimately it depends on peoples situation. Renting is easier and smarter for some. For most though, buying is the smarter long-term game. Eventually, the house will be paid off. The mortgage should stay mostly the same as inflation rises. Mortgages are also cheaper per month (most cases, see comment above about HCOL areas).

The biggest benefit? Equity. When I sell my current house, I'll walk away with $200k to put to the next house.
For me i have rented for many years making landlords money, so several years ago we decided it was time to invest in something that would give us return, was the best decision we have ever made and should have done it sooner.
I am looking to buy currently but this market as been crazy and we've put in over 5 offers and have lost every single time.. It's not fun right now, we are currently renting.
I am living in Government offered house and it is very small, but for my financial issues have to stay in that. I tried long back to buy a plot, but this gone a problem and left it due to non developed area.
I am currently looking to buy with plot, but the prices are sky rocketed here, however year they would rise double.

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