Kevin O’Leary on Choosing to Rent or Buy a House

While many advise young individuals to avoid renting and to instead buy a home, Kevin O’Leary, star of ABC’s “Shark Tank,” has a different approach to figuring out what’s best.

O’Leary suggests that those in their mid-20s ask themselves several questions before deciding whether to buy or rent a home.

“Are you married?” asks O’Leary. “If the answer is no, rent.”

“If you’re married, do you have children? No? Rent.”