Financially Insufficient aka BROKE

I’m not sure if this is the right place to be discussing this question but it has been sincerely bothering me and I could use some advice.

I am a parent of 3 children who like majority of parents, want to give them the very best I can for their lives. That being said, I am nowhere near close to rich and I have a lot of personal issues. I have to live in a higher cost of living area due to where my job is located. But I want to provide my children with a home, as well.

What would you say is the better option? Buy a smaller house like a townhouse that I am able to afford, but won’t provide my kids with the space and kind of house that I envision giving them— OR —-renting for a few more years until I am able to (hopefully) save up enough $ to afford to buy them the kind of house I want to give them.

I know that this might be more of a personal question rather than a financial one, however I felt that most of you probably have a heart and can understand where I am coming from with the way this buyers market is, unfortunately. I will also post this in a financial/real estate sub.

Thank you for the advice and feedback.