Buying a home is one of the biggest financial moves you will make so it warrants a hefty discussion about whether buying a home vs renting an apartment is financially smarter for you.

Growing up, my parents use to say, don’t have kids till you buy a home. But we live in a different culture now and buying a home is not for everyone. There are a lot of pros of renting vs buying. And in the short term, even in 30 years, it may seem renting actually leaves you better off financially. But where the benefits of buying a home come in is past that 30 year mark, when you actually pay off your mortgage and own the home.