[rahkiin]

Instead you rent, and your landlord agrees that it is fine.

So now you look at a shitty fence. Which you could have done when owning the house too

[kccqzy]

Well no. If you have home insurance, your insurance provider can deny you coverage based on the dilapidated appearance of the house. If you have renter’s insurance, it only covers your own belongings and won’t be affected. And as a renter you can use it as a tool to negotiate for a lower rent; good luck negotiating a lower mortgage payment or property tax.

Furthermore if neighbor relations deteriorate you can always move; as a homeowner you are still stuck with an expensive asset with large transaction costs after you move.