Long Beach Island is a seasonal summer resort destination enjoyed by thousands of visitors every summer. It is common to see the same family visit LBI year after year and by generation after generation. It often begs the question of whether it is better to rent or buy in the LBI real estate market with such a loyal base. There is no simple answer to this question, and it depends on the individual. Of course, price is a significant factor as not everyone can afford to buy a second home on Long Beach Island. That said, even those who have the means to do so often will opt to rent. This article will explore the pros and cons of renting and buying on Long Beach Island.