You also have to consider any premium for buying compared to renting, the ability to cheaply "rightsize" your living space, and transaction costs. I remember t

You also have to consider any premium for buying compared to renting, the ability to cheaply "rightsize" your living space, and transaction costs. I remember the NYTimes (I think) had a calculator designed to account for these types of factors. It often makes sense to put off buying until your family grows or you settle in a semi-permanent location. But generally your point is correct.