General Article Renting vs buying: should I get a mortgage?

Topic Selected: Housing Book Volume: 396
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With property prices around the world now growing by double digits, how big a risk are central banks running?

By Nick Green, Financial Journalist

According to the HomeOwners Alliance, 86% of people in Britain want to own their own home. But with house prices continuing to rise, becoming a first-time buyer is prohibitively expensive for many. There’s also the responsibility of taking on a long-term loan. Are there any instances when renting is actually the better option? Let’s take a look.

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