From Business Insider
Even if you can afford to buy a house, that doesn't always mean it's the right choice to make.
What's your goal — to make a profit, or to settle down in a place you really like? What's your credit score? Are you planning to move in the next couple of years? How much cash do you have in the bank? All these factors can affect whether or not you should continue to rent or make the leap and purchase a home.