The real question isn't which is cheaper today โ it's which builds more wealth over time. See the true 5, 10, and 15-year comparison.
๐ Buying Scenario
If You Buy
๐ข Renting Scenario
If You Rent
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10-Year Verdict
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๐ Buying Costs (10yr)
๐ข Renting Costs (10yr)
๐ก The hidden advantage of buying: Your mortgage payment stays fixed (principal + interest) while rent keeps rising. Over 10โ15 years, a fixed payment becomes increasingly affordable while renters pay more each year.