Whether to Rent or Own a House. How to Decide?

In personal financial planning, one of the most important decisions to make is whether to rent or own a house. If you decide to own a house, the second question is when or at what stage of your life or financial journey? Since constructing or buying a house, in a majority of cases, is going to be the biggest expense to be incurred, it merits a lot of deliberation and forethought. This single decision holds the potential to substantially alter the course of your financial life, for better or for worse.