Buy Or Rent... Which one is better?

Buy Or Rent… Which one is better?
Buy? Think again. Most people think is better to buy than rent, but according to real estate website Trulia.com has looked at major real estate markets across the country and asked: is it cheaper to buy, or rent?
This was a question that was dead until national home prices slid potentially. According to Tara Nicholle Nelson, a spokeswoman for Trulia "we did a survey of site visitors and found that 30% of them were thinking either of buying or renting"

Price stability is factor, and unlike home prices, rents tend to go high, but on the other hand, national median home price rise a 12.2% in 2005 and fell nearly 20% in 2008 according to housing group.
One of the city where is recommended to rent is Manhattan, home prices are way too high says Trulia, but in cities like Miami, Phoenix and Las Vegas and other places were there has been a major housing impact homes are cheap compared to rents.
There are benefits on both ways,for example when you purchase a home the costs tend to be more stable, fixed rate loans don't go up and rents usually do.
On the other hand, renters don't have a responsibility of a home ownership and they don't tie down. If they have to move to another place due to jobs it can easily be done without worrying about selling and buying a new one.
This index addresses but as a consumer you have to make your own decisions based on your lifestyle and what you want to do in life more than anything else.