False! Renting a home can sometimes be more expensive on a monthly basis than buying a home. However, it’s important to consider various factors, including location, market conditions, interest rates, and your long-term goals, when deciding whether to rent or buy.

Buying a home typically involves upfront costs like a down payment and closing costs, but it can build equity over time, while renting offers more flexibility but may not provide long-term financial benefits. It’s essential to evaluate your personal circumstances and financial situation to make the right choice for you.