Homeownership is something that most Americans say they aspire to one day. But how do you know if you're ready? In this episode, we look at the pros and cons of renting versus owning. Here's what to remember: - Owning a home is the No. 1 way most Americans build wealth. - Buying a house, however, is not an automatic ticket to the good life, and may not make you happier. - Renting gives you flexibility. - But that flexibility comes with a cost: Rents will always go up. - You don't need a big down payment to own a home. - Owning a home can give you a sense of security — and that can be priceless.