Renting Versus Buying

Advantages

Considerations
Buy
Property builds equity
Income tax benefits
Sense of security
Not dependent on landlord to maintain property
Responsible for maintenance
Responsible for property taxes
Possibility of foreclosure and loss of equity
Less mobility than renting
        
Rent
Little or no responsibility for maintenance
Easier to move
No tax benefits
No equity is built up
No control over rent increases
Possibility of eviction

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