The answer to this question is complicated, so, let's discuss it.
Whenever we're asked this question, our answer is simply, "We need more information." The "buy or rent" question changes with each person. There is no, one plan fits all. The benefits of ownership apply to all, but their relative application are not universal. We try to break down each persons situation by finding answers in these 3 categories:
- Tax situation
- Short and Long term residency goals
- Income expectations.
After we've gathered all the information, we can create an actual scenario. Once you're able to see the benefits or drawbacks, based on your actual situation, the answers are evident.