Given the cost of buying an house outright would you opt to get a mortgage or just rent out a property? Also please state what country/city you are referring too!
Alhamdulila I've already bought my house just in the outskirts of London. I was reluctant to get a mortgage but saw no other feasible way, I wasn't going to let my kids grow up in a deprived area in social housing like I did. Generation got to progress.
Buying your own house in the UK is about your standing in society, children whose parents are home owners are more likely to be high achievers, if we want to achieve more of a future for our offspring buying a house is a big part of that.