Historically, home ownership has been termed the American Dream. With the housing market crisis which began in 2008, for many people this is now a nightmare. Yet mortgage interest rates and home prices are at drastic lows. Perform research on the average home rental price vs. the average home purchase price in your city. Based on this information as well as short and long-term salary prospects in your city in your current or prospective vocation, should you rent or purchase a home?

Note:supported by a minimum of one quality academic and/or financial industry reference and 200 words