Rented Property
Renting a property can be a blessing or a curse, depending on your circumstances, lifestyle and income, so it is useful to consider all your options before you make a decision on what type of property would work best for you. Rented property is neutral in itself, but it can become a bad or a good thing depending on the factors listed above, for a number of different reasons. If you want to ensure that your wellbeing and your bank balance remain intact and stable, then weighing up your options about where and how you want to live beforehand might not be such a bad idea.
Generally, if you have a lower financial income than most people, or you are paid sporadically or infrequently, then going for a rented property is a better idea than going for a mortgage. Mortgage payments need to be frequent and can get very expensive depending on your house, the area it is in and how much you are willing to pay each time, so this would not be ideal for the person who either does not have that much money to begin with, or cannot pay so frequently.
Rented property is also better for people whose jobs and lifestyles might clash with the responsibility of purchasing their own home, as opposed to having the help of a landlord for when anything goes wrong. Your landlord will replace a faulty washing machine, but if it was your own home then you would not have this luxury.