IMHO, I would think buying would be the better option, but you need to consider:
1. Where are you getting the money from? Savings, investments. etc?
2. Possible lost income from using this money?
3. Current interest rates for home loans if you decide to finance. look at 15 year to 30 year for best rate.
4. You may want to talk to your financial advisor with regard to buying versus leasing. I consider leasing as "sunk money", you are throwing it away. Purchase should be lower monthly cost, possible tax deduction, and you are building equity.
Good luck with your quest.
PS, TV is great, and you can always travel to the grand-kids a couple for times (or more) per year.
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Pennsylvania, for 60+ years, most recently, Allentown, now TV. 
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