One of the primary disadvantages of renting over buying a home is that renters do not build equity in the property. When you rent, your monthly payments go to the landlord and do not contribute to ownership of the property. In contrast, mortgage payments can help build equity over time as you pay down the loan and the property's value may appreciate. Additionally, renters may be subject to rent increases and have less stability in their housing situation compared to homeowners, who typically have a fixed mortgage rate. Other disadvantages can include restrictions on personalization and modifications of the living space, as well as a lack of control over property maintenance and policies enforced by landlords.
Which of the following is a disadvantage of renting over buying a home
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