Decision between renting or buying a home


Can you assist me with applying concepts to making this decision between renting or buying a home?

I want to address the given topic:

"Consider whether renting or buying a home is the best approach to achieving your long-term financial goals. Use various data (housing rental costs, home sale prices, mortgage rates, etc.) Account for any future increase/decrease in costs, mortgage debt, closing costs, insurance, appreciation or loss, taxes, etc. related to your decision. Determine which would be best for you now and in the future".

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Microeconomics: Decision between renting or buying a home
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