Which is better option, living in rented house or own house?We all have a house to live in and it either falls into the category of a rented house or own house. It is a matter of discussion that whether to live in a rented house or own a house. People who argue that living in own house requires initial investment to buy a house and it heavily cost you in terms of EMI if you take the loan. If you buy the house in cash, it creates a void in your bank balance. Chances are that you will not get the return on your money invested in buying a home. So, people argue that one must live in a rented home. It will not increase the finance load on you. But my argument is that a rented home does not give you living freedom. You must obey the laws set by the homeowner. You will avoid investing in furniture or in other ways that make the home looks better. So, what are your views regarding the topic? Do you prefer to live in a rented home or live in your own house?
This is my first entry (27th December) for the ongoing forum contest