[tgrass]

Your timeframe is critical to the decision though. Most of us will not live in our home for 20 years, let alone 30. Some of us will move to other towns to take pay raises that (a) we could not have discovered in the town of our current home and (b) might more than compensate for any loss in savings.

Choosing to rent or buy on purely financial grounds must incorporate the length of time you will own the home.