If you are a young professional, entering the job force or just generally reconsidering your living arrangements, the ‘2012: Is it Better to Rent or Own?’ infographic is a great place to start. In this useful guide, you can determine what pros and cons are going to make or break your living situation.
Whether you choose to rent or buy there are upsides and downsides—it all depends on what works for you and what you can live with. Of the positives related to renting you have less repair costs, easier moving, lower monthly payments and landlords who can solve your problems.
However, with renting you get no return of investment. With a house you can re-sell and if you fix up the place or the neighbourhood becomes more in demand, you can actually make money off of your purchase.