It depends on the market in that area. Some markets are growing over the long term, others over the short term. Just talked to a lady a few months ago who bough

It depends on the market in that area. Some markets are growing over the long term, others over the short term. Just talked to a lady a few months ago who bought a home in Boulder, Colorado for about $400,000 and sold it 3 years later for $900,000. She got out of there fast as property taxes were increasing constantly. In other places, you can buy a home for $250,000 with low property taxes but the neighborhood is going downhill, more crime, schools are worsening, and their home is losing value. It's going to be hard to sell in the future. This is what you have to think about when buying a home. Is the area you are in good or bad right now, and will it be better, the same, or worse in the future. If you're not sure about a location's future. Rent.