Renting Vs Owning Phoenix Az

I’ll try to provide as much info as possible without writing too much. I will finally have enough money and then some to put 20% and even more on a home which has been something me and my wife have been eyeballing. At the same time we will be sitting on a large enough sum of money to be able to invest in a proven dividend fund like DIVO or O and will be able to generate $800-$1000 a month in dividends. It’s a one or the other ordeal and need help weighting the pros and cons of home ownership vs renting but having steady dividend income coming in where we can have the choice of spending or reinvesting. We have a great time horizon and have plenty of options to weigh.

1. Buy a home comfortably.

2. Continue to rent but build investments that pay good dividends to supplement both our incomes.