Should I buy or rent a home in Saipan?

"Determining whether to buy or rent a home in Saipan is ultimately a personal decision. When deciding, it is important to consider factors such as budget, desired amenities, and longer-term plans. Renting generally involves lower upfront costs and flexible terms; however, long-term renters may find themselves spending more than expected as rent continues to increase. Buying a home typically requires a larger upfront investment than renting, however, the homeowner can benefit from increased security, stability, and potential investment value. Ultimately, buy or rent will depend on an individual's financial situation, where they are in their life, and the personal preference of each individual," mentioned another expat when asked about moving to Saipan, United States.