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Is buying a house a good financial decision?

I would like to know why buying a house in today’s economy is better than renting. I am approved to buy a 450,000 house and l have been contemplating the idea of why buying a house is not a good decision anymore. The cons l have is that I’m paying $975 a month on rent for a 1 bedroom and $65 in electricity and garbage and water is included. To buy the same 1 bedroom,1 bath with similar sf would be $275,000. That means if l put $80,000 down my payment would still be $1,600 approx plus the closing costs. I want to understand why buying is still better. What lm doing now is having most of my money in the stock market and adding to it every month.

submitted by /u/Necessary-Pickle4831
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source https://www.reddit.com/r/RealEstate/comments/1j7ud95/is_buying_a_house_a_good_financial_decision/
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