It isn't just about the money! There are a lot of benefits to owning a home, a lot of them have to do with the freedom to do what you want with your space. 

 

Buying

Paint the inside any color you want

Make improvements that benefit you, not the landlord

Get the pet(s) you’ve always wanted

The ability to make changes – like adding pet doors, landscaping, customizing your closet

Improves your credit

 

Renting

No matter what happens with the value of the home, you will never gain equity

Limited-or no-ability to personalize your living space

No tax advantages