I certainly stand corrected. Starting at the traffic light in front of the convent, and following Av. Argentina, what is on the right is Rincon Largo, and what is on the left is La Trinitaria. Good call JJ (say Hi to Paloma!!)
The former house of Eduardo Leon and its 28,000 sq meters of land is now a very exclusive residential area of perhaps a half dozen houses.
The OP asked about the differences between renting and buying.
I do not really know, but I hope some of the smarter folks will chip in on this one.
As I understand it, rents are supposed to be at 1% of house value, but I could be way off.
One thing is that renting a property is a risky business and the rental contracts are wildly in favor of the owners, and I doubt there there is any consumer protection against these things.
HB