The pros and cons of home (or apartment) ownership are different for traders: 1. We have highly irregular income - so taking on debt, and spending cash, is much more risky than for people in regular jobs. 2. We can (hopefully) earn high return on capital - so tying up cash is very costly compared to regular people who earn pitiful amounts on their savings. 3. We are highly mobile and can live anywhere, we aren't tied to one job location. Given all this, I want to consider the pros and cons of buying a residence vs just renting. 1. Renting can be a hassle - landlords can throw you out, you have to get references and paperwork, they can visit and check up on you, institutions are suspicious of renters etc. 2. Renting is very flexible - no maintenance, can move fast and easily etc. 3. Renting frees up cash to trade with, boosting your income (if you can scale your strategy). 4. Renting has less risk - major repairs, nightmare neighbours, property crime etc. 5. Renting leaves you exposed to long-term increases in nominal property prices. 6. Renting avoids the risks of debt. So, assuming you have enough cash to buy a reasonable residence without any debt, which is the best option for a consistent trader?