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Is it better to buy a house or live in rented accommodation? Here’s a look at the pros and cons of buying and renting to help you make an informed decision. When you buy a home, it can yield high returns in the future and provide emotional security. Also, no hassles with the landlord and no hikes in rent every year. Moreover, there are tax benefits on home loans. When you rent a house, your need to make minimal investment in the property and can shift out whenever you want. However, there is no value creation, and you could be asked to leave anytime.