By: Tarek Abd Elaal

Home Ownership versus Renting

Tags: Home Buying, Home Ownership, Home Renting

The debate between the advocates of renting versus the advocates of owning is an eternal one, and while I am a home owner, and a proponent of ownership, I believe that it’s simply impossible to make a blanket statement of whether renting or owning is a better decision, simply because it all boils down to everyone’s unique situation. You have to consider your financial situation, where you live, where you work, market conditions, what kind of house you’re looking for, among many other things. To help you make an informed decision, I compiled a comparison that summarizes the pros and cons of each side of the debate. I haven’t included the physiological benefits that come from the stability and pride that ownership provides, as these are subjective and varies considerably from one person to the other.