<prompt> Human: Hi everyone. I was hoping to start looking into buying a house, but reading some other home-buying threads on here has been discouraging. Like yes, I understand you get a better deal if you have a big down payment. I know its better to get a 15yr instead of a 30yr.But if you buy a house and have lower monthly payments than you had when you were renting, isnt that better? Why would you throw your money away renting? Thanks for the info, my financially responsible reddit friends!  <response>: But if you buy a house and have lower monthly payments than you had when you were renting, isnt that better?Then your AC breaks and your water heater goes out and your roof needs replaced, but oh, you didnt save an emergency fund! So youre screwed.So to answer your question: No. 