Answer
The advantages of renting over home ownership are 1) Freedom to move. 2) Rent can be cheaper.
Work Step by Step
Renting a property is a better option if compared to mortgaging property. The rent can be adjusted based upon the rental accommodation. There is a freedom to move from one place to another when renting a property. Renting property is cheaper than owning the apartment. It is advisable not purchase a property when there is excess supply and there is a smaller chance of capital growth.
