The Advantages of renting are its more fixed costs for the term of the lease, you’re not gaining equity but not losing either and when the lease is up, you can just move. There is generally less work in maintaining a home or apartment and smaller amount of upfront cash. While the advantages of buying are over time, the mortage balance decreases and equity builds, even if the value of the home does not increase also the ability to remodel and redecorate the home to match what you desires and wants. There can be tax advantages also attached to home ownership.
