However, most people around the world want to live the "American Dream" by owning a home; renting can be an alternative option. Homeownership may not be for everyone, but is renting really the answer? Does that mean that if someone doesn't own a home, they aren't living the dream? Maybe the answers come after putting all the cards on the table. Owning a home and renting both offer a sense of accomplishment, but things like financial costs, long-term investments, and freedom play a big role in the decision to rent or buy. Owning a home can sometimes be extremely expensive at first. For example, a person would have to submit a down payment before moving into the house. The down payment often amounts to about twenty percent of the cost of the home. Additionally, a person should submit the closing. Individuals renting a home do not have to worry about a twenty percent down payment, but they do need to submit a security deposit and first month's rent. A security deposit is usually a full month's rent to pay for any damages incurred while renting the apartment. Renters have the option to get part of the security deposit back at the end of the lease as long as the home is in good condition. Additionally, renters don't have to worry about personal property taxes, homeowners insurance, or closing costs to rent a home. In fact, some properties offer renters the option to take out insurance to cover any damage to their belongings, while others require the renter to have it. Furthermore, maintenance costs would not be borne by the tenant; so, if something were to break, all the renter would have to do is call the owner and he or she would take care of the problem. From a financial perspective, renting a home would be a great alternative to owning where the money is