Should you rent or buy? The question of when to pursue homeownership—or whether do this at all—is on the minds of many people today. Although some consumers view owning a home as an important step in achieving the American dream, others prefer renting their living spaces for the greater flexibility. In addition, some renters feel that there are too many barriers to owning a home. So, how can you decide whether you should keep renting or make the leap to homeownership? Consider these factors.