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How to understand mortgage contracts
Choose to buy.
For most young adults, renting property is the preferred method of housing. When you rent a home or apartment, it tends to be cheaper than buying a home and you have flexibility regarding where you live and how long you live there.
However, when you buy a home you build equity, which means you will be building cash value in that piece of property. Also, when you own a home, you can take tax deductions for any mortgage interest you pay.