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Originally Posted by adamnsu
It all depends on your financial situation and the premium between renting and taking a property on mortgage really. Also lets not forget one's personal circumstances and the property market of the area you are buying into
However IMO I would say buy rather than rent if you can afford to. Buying a house with a mortgage is like renting but with a fixed asset at the end for yours to keep.
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the way you termed it, it is an asset yes. But it is where you live. You sell it, you got nowhere to live. So it isn't an asset in the more traditional sense of how an asset is termed.