Buying a home is considered a smart thing to do if you have a good credit rating and qualify for a mortgage. Many people view their home an investment as a hedge against inflation. However, others argue that in many cases it's less expensive to rent than to own when you take into account the numerous costs, including mortgage payments, property taxes, insurance, utilities, condo or homeowners association fees, maintenance, etc. Renting offers flexibility if you move frequently. Assuming that you qualify for a mortgage, which choice would you choose?