Should you buy a house or invest the rent savings?
I'm saving for my first house, but property prices in my city have doubled in the last decade while wages stayed flat. Real estate agents say buying is always better than renting, but my rent is $800 less than a mortgage payment would be. If I invest the difference in index funds, could that outpace home appreciation over 20 years? I've run rough numbers, but the uncertainty with maintenance and taxes bothers me.