text: why owning is better than renting a flat? to student that depends on where you're living. places such as florida and california have a tendency for natural disaster. rent. any large metropolitan area the advantage is in owning; but, beware, if you miss apayment you will lose everything. the banks do not forgive.  yes, you are under a lease agreement with rent but nothing outside of paing it is your responsibilty. that means taxes, insurance, maintainence, saefty of others, compliance with city codes, et cetera. you can rent now and look for a place. also, if it is a flat: if the property is removed, you may not recieve all opf your money back. with a house, you have a better chance, and, with renting you need to get a new pad. yes, the deposit is expensive and yes it can be stressful but no you won't lose everything.