Beyond financial considerations: once you’ve purchased the home, you can start in with location-specific preperations.
Background: my wife and I purchased a house about 2 years ago.
We had never grown a garden before. We have a lot of skills to develop that really can only be developed in the context of owning property. From a purely financial standpoint, I’m sure that we will lose out when it comes to our house. But having a garden for the second year in a row (and all the learning and trial and error that comes with that) will [hopefully] be worth it. Sometime in the next year or two, we’re going to hopefully start raising chickens.
If we’d rented until prices came down further, we could have saved a bunch of money, but not learned what we’ve learned so far about how to have a garden, how to preserve food, etc.