People in most countries, after a certain period of their life, have to think about where they are going to stay. For most people, this decision is living in their own house independently, however, the choice does not end there. After they decide to reside by themselves they have to think about whether to buy or rent a place. A major part of the world's population believes that renting accommodation is more advantageous while others think otherwise. In this essay, I am going to speak about the pros and cons of these opinions as well as give reasons why.