See more of our coverage in your search results. Add The New York Post on Google Renting rather than owning a home has benefits and drawbacks, but one upside that is universally affirmed is that renting affords you flexibility. A 30-year-mortgage sounds scary, while a one-year lease means you can pack up and go elsewhere—including to a place with lower monthly costs, if you need to. But what if that flexibility is part of what makes buying a home so unaffordable?