No-frills residential real estate: Buy or rent? (1)

After unexpected preoccupations with different important issues, I am restarting a cycle of real estate posts.
My observations might be useful for beginners and more advanced real estate enthusiasts.
Your comments are welcome.

This is a classic question that has existed for generations.
The decision to rent or buy real estate is a complex equation with no universally applicable answer.
It involves:
1. Financial considerations.
2. Lifestyle and flexibility.
3. Market conditions and investment potential.
4. Psychological and emotional factors.

PS: Wealthy folks do own real estate.

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