Renting vs. Owning

In this everfi module, Renting vs. Owning, I learned that owning a house can be less expensive than renting a house. For me, renting a house would be better because I will save more money. Owning a house can start over 500,000 dollars. And renting a house can be 1,200 dollars. I also learned that owning a house means you will have to have a mortgage. To get a mortgage you will have to go to the bank and ask for a loan. You'll first need to make a down payment. Based on your financial history the bank can decide how much money to give you. Also if you don't pay your mortgage the bank has the right to take your house. On the other hand renting a house isn't that complicated. Therefore, in my opinion, later on in life I rather rent a house.