. "Once you get wealthier, yes you can buy a house because the costs (interest) are lower, you will be able to take advantage of the itemized deduction etc., and of course you have 20% of the value to put down. (If you do not, then you will pay so much through PMI and FHA that it will hurt bad.)However even with that it depends on the location and other circumstances whether buying or renting is a go" . . .