Another advantage of renting--I don't have to buy a new hot water heater today
My preference for renting a home, instead of owning one, is well known, largely thanks to the fallacy that home ownership is an investment. The burden of maintenance is another strong dissuasion.
Case in point, our water heater died today. Instead of having to buy a new unit, and pay extra for “emergency” installation, it’s my property manager’s responsibility to replace the unit by the end of the day.