We're in our 30s with a $2 million net worth - is it better for us to rent or buy a house with our 2 kids?

A Reddit user with a $2 million net worth and $575K income is contemplating whether to buy a home or continue renting in D.C., where rent is cheaper. Despite their financial stability and impending family changes, the user is torn between the costs associated with owning a home and the desire for the permanence it offers. With expenses at $15K monthly and additional parental support, their decision hinges on balancing the need for a comfortable living situation against financial flexibility for potential career changes.

"Rent or buy is about more than just the monthly payment. While renting is cheaper, the Reddit user seeks stability and community that homeownership can provide."

"They are currently renting but are considering purchasing a home, with financial support from parents and a high income making this possible despite higher costs."

Read at 24/7 Wall St.