I spent the whole morning yesterday deciding which option is better: owning a house or renting one. I guess I am still not able to tell which option is definitely better. It all depends on your situation. When I was younger, it was obvious for me to rent places. I did not know exactly where I wanted to live and I did not have any stable job at that time. The older I became, the more I started to realize the importance of having a place to call home. In short, the older I became, the more I wanted to settled down and live in one place for many years. The bottom line is that it is up to you and your situation to decide what is best for you.