It’s quite absurd to compare renting and buying. Both are literally two sides of the same coin.
So many influencers compare the two with the context of showcasing how renting is favorable.
Now both buying and renting have their own perks and downsides. But, rather than showcasing the cons, let’s focus on the pros for both.

Renting

1. Prefect short-term alternative
2. No maintenance cost
3. Minimized market risks
4. No property tax
5. Flexibility of relocation (for individuals who are always on the move)
6. Easy to manage excess funds through other investment avenues for the long run

Buying

1. Appreciation
2. Asset and equity generation
3. Tax benefits
4. Stable housing
5. Financial discipline
6. Long-term investment/ alternative
7. Freedom of personalization
8. Rental income and hedging against inflation
9. Can be used as leverage

The above are a few benefits of renting and buying. Both are important for the economy, as both sustain each other. A rental without someone owning a property is not possible and one who opts for a property will at one point think about rental yield. So choose whether you are in the short run or the long run Category