Whether to rent or purchase property is a highly personal issue and must not be influenced by the social pressure. Both alternatives have benefits based on the lifestyle, income stability and long-term plans.

In renting, there is flexibility. It means that people can move more easily seeking their careers and changing their lifestyle. Renting will lower commitment and stress in those who are unsure about where they will be or how they will finance a long-term scenario.

Purchasing real estate will provide a stable future and equity. Owning a home has the potential to give emotional protection and shield against increasing rent. In the long run owners can enjoy the advantages of appreciation and less housing uncertainty.

But being an impulsive buyer may result in a strained budget. The legal obligations, mortgage commitments and maintenance are prepared. The right decision is one that is in line with individual ambitions and monetary wellbeing and not external demands.