Rent or Buy? The best choice is usually dictated by the situation. If you know that you are going to stay in a place for a short time, it doesn’t make sense to buy, then sell a property. Not only is buying and selling a time-consuming process, but it can also be very costly.
Renting, even for a short time, can also be pretty costly but is a better option short term, because getting in and out of a rent contract is a much simpler process than purchasing and selling. If you terminate the lease early, however, there may be a penalty, but your landlord may be willing to forego the penalty because he/she may be able to raise the rent for a new tenant.
