Buying a home is arguably one of the key goals in most people’s lives. While a lot of Indians prefer to buy their own house, many others prefer living on rent. Making this choice can be crucial for those sitting on the fence, especially now when property prices are on an upward trend, after a phase of relative stagnation during the Covid pandemic, and home loan interest rates are rising as well. But the answer to the question, whether you should buy a house or rent one, has many strings attached. Votaries for owning a house feel it’s an investment that will serve them for life and help them live the way they want to, while those on the other side of the fence feel that owning a home could tie them down and they could miss out on certain perks, such as the freedom to opt for a transferable job, living in proximity to offices and schools, lack of affordability in the preferred location, and so on. Some of these variables, such as the cost of borrowing, property prices and rent can keep changing, depending on the demand and supply in the sector, interest rates and other...