Choosing between renting or buying a home is a big decision that affects not only our lifestyle but also our finances and health.
Rental housing also has its advantages, including the fact that one does not have to take responsibility and it operates flexibly. However, people often believe that buying a home is a well-founded decision, and renting a home is a financial refuge.
The seemingly favorable home purchase option can be misleading at first glance. As long as it is enough to put a deposit of one or two months for the rent, a significant deductible or additional collateral is required for the purchase of a home encumbered with a loan. The term of the loan is 20-30 years, with a slight exaggeration to last a lifetime, while the vast majority of those looking for a lease only plan for a few months, possibly a year or two.