(See above under build or buy)

Should I rent or buy?

(Insert rent or buy calculator)
Rental accommodation always sounds more logical than ownership as most people are unsure of their income abilities to pay off a mortgage and a fear that their property could at some moment in time be auctioned by the bank.

However, there is a risk in renting a house since you are at the mercy of the landlord, whilst ownership would mean you have no landlord to worry about.  In addition, though mortgage payments may stretch your finances in the first few months, over time, you get used to making the payments and the fact that your house is yours, you feel encouraged to ensure that you pay your mortgage on time.