Myth: Buying a house is always better than renting
While owning a house can give you a sense of comfort and security, it is not the right choice for everyone. If you are young, you might have to move elsewhere in search of employment prospects. You might need more space in the future as you start a family. If the city you live in has astronomical property taxes and maintenance costs, you might want to move elsewhere. You have to consider all these factors before deciding if you should buy or rent a house.