Final answer:
Renting an apartment relieves you of maintenance responsibilities and might be financially advantageous, but you miss out on building equity.
Explanation:
One benefit of renting an apartment is that you are not responsible for maintenance on the apartment, unlike homeowners who have to take care of repairs and upkeep. Additionally, renting can sometimes be a more cost-effective option compared to buying a home, as it may have lower monthly expenses. However, renting means you won't build equity in the property, unlike homeowners who can increase their wealth through home value appreciation and mortgage payments.
Learn more about Renting vs. Buying Homes here:
https://brainly.com/question/34703056
