The ability to own a home is as hard as it has ever been. In the last few years most of them selected a renting home than owing a home. But what’s your choice? Is it depends upon the financial situation? Advantages of renting Usually when you price out the cost difference, renting is really affordable. You don't have to pay property taxes as a renter and just buying a house costs money like closing costs, insurances, etc. Here's one thing to keep in mind that I think about. If you rent, you have the luxury of picking up and moving.