Nothing wrong with renting, so long as you can sublet it, and you have rent control. Consider it an investment without all of the capital cost expenditures that come with a ownership. I have a coworker whose family member rented a one bdrm condo in downtown Toronto 20 years ago when she was attending university. When she left univ, she sublet it to another family member, and so on, and so on through the years. Thanks to rent control the rent has only increased a few hundred dollars over those twenty years. However, the she sublets it at current rental market value which pockets her $1000/month. Nice!