Financially, in very few cases renting actually makes sense.

Assuming of course you make an informed purchase of a home given your particular circumstances.

Most homes in the US appreciate in value, unless you live in rural Pennsylvania.

I also believe buying early forces you to be more financially responsible and makes purchasing your first family home later in life a lot easier.

So I always recommend young people to make the sacrifice and buy a place.

Your first home doesn’t need to be your dream home.

My first place was 700 sqf in a very shady area of the city, but it came with sweet tax abatements for several years and the area improved a lot but the time I sold.

There are always opportunities like that in almost every city in America, even in today’s market.