Buying a house is supposedly cheaper than renting. Why? Because when you rent a home, you spend more money but no investment. If you buy a house, you spend money and sometimes a mortgage loan in purchasing a house but you have an investment to wait.
According to Mitchell Hutchinson from Finder.com.au, “It was worth considering buying a home instead of wasting dead money renting.” Nowadays, it is a good time to enter the market because of the interest rate. Renting is a short outlook and there is no investment and it is not good for retirement. If we purchase a house, you have an investment and or security purposes for retirement. But still, it is just a guideline and we, the renters, homebuyers are the one who decide and weigh-up the cost and benefits in buying and renting a house.