This is probably generally true, provided that you reside in the property long enough to recoup the rather high transaction costs. I did the math on purchasing recently and given how long I expect to be in my current area, the math doesn't add up, even assuming relatively low upkeep costs.
I'm not sure how long you have to stay somewhere to hit the break even point.
I'm not sure how long you have to stay somewhere to hit the break even point.