User: What are the main benefits and drawbacks of renting a place of residence?

Note: Advantages of renting are mobility, fewer responsibilities, and lower initial costs. Disadvantages are few financial benefits, restricted lifestyle, and legal concerns.
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Weegy: Main benefit is you can choose a location that can be walking distance from your place of work whiel the drawback is that there is no return of investment when you rent as compared to purchasing a house.
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