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Its simple man, if you got the money then go for it, do not compare how much you will save in the long term because buying a home is more of an emotion and a sense of security comes with it. If you donโt feel then renting is better
I had posted a poll on this you can refer that
It's simple bro. If you are paying higher rent, compare it with the emi you will have to pay ---> if the amount difference is 0 or what you can afford in your salary and you have savings to pay for down payment then go for the purchase.