My 2 cents worth. I personally find owning your property the best option. Why rent when you can own, why be a Tenant when you can be the Landlord. Why pay someone else when you could be the Income generator (receiving of "passive income"). I bought my 1st property when I was 22 years old & rented out (leased) a portion of my property (separate entrance) to 2 single ladies for approximately 7 years. During this time I used all of the Rental Income on a 2nd property (Buy to Let property in the very same area that I live in). I then bought a 3rd, 4th & 5th property - each time 1 property subsidising the other & so on. I am now 42 years old & have NOT had 1 single tenant in my Primary Property for the past 13 years. All the Monthly Passive Income from my other properties are simply just great. Do I want to buy more property - NO, now I need to concentrate on building a good Stock Potfolio. My own primary home is "paid up" a long time ago (although I keep the Bond open - Access Bond...just in case of other opportunities that may arise). Also think about when you are Old - what happens if you still renting - do you want to be "kicked around" from pillar to post...NO!! I'd rather want to die peacefully in my own home (peace of mind) - Own my Own home. Good Luck with your decision.