Renting vs Buying
Buying a home is a big commitment but can be very rewarding. One of the main reasons people buy a home rather than rent is to build equity in a property for themselves instead of for a landlord. People also enjoy the freedom of making changes to their homes. Many people enjoy the sense of security and stability they feel when they own their own home.
On the other hand, some people prefer to rent in order to have little responsibility of maintaining a home and the flexibility to move with little hassle. The disadvantages are you are not accruing any equity and you do not get the same tax benefits as a person who owns a home.