Rent Vs. Own. What's the better option?

Buying a home is one of the most financially sound things a person could do for themselves.  Homeowner’s net worth is on average 4 times greater than those who simply rent.  Think of owning your own home as a type of savings account.  Paying into your principal monthly increases the equity in your home.  In addition it provides tax and insurance deductions among other benefits.  Take advantage of historical lows in mortgage rates, first homebuyer programs and low mortgage insurance and invest in your financial future.  Just look at the amount of money that you could be investing in yourself, rather than giving it away to someone else’s pocket: