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You can paint it any color you want.

March 25, 2008
OWING vs RENTING 
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Own:   Mortgage interest is tax deductible.   
Rent:   Rent is not tax-deductible.                                                          
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Own:  Each Mortgage goes into building a nest egg for your family.
Rent:  Every rent payment disappears forever.                             
                                                                                                                       
Own: Equity in your home can be used to pay for your kids to go to college.      
Rent:  Rent check pays for your landlord’s kids for your kids to go to college.   
                                                                              
Own:  Your payments stay the same with a fix rate loan.
Rent:  Your rent increases each year.
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Own: Your children gets to play in your yard.    
Rent: Your children play in a parking lot.     
                                     
Own: You do laundry whenever you fee like it.
Rent: You have to pay to do your laundry each week.    
                                                                                  
Own: You enjoy greater privacy.
Rent: You know your neighbor’s musical taste better than you know your neighbors.   
                                 
Own:  Pride of ownership.
Rent: Pay less monthly for housing.
   

One comment

  1. Personally, I’ll color it rosy.

    You can read why here: http://simpledebtfreefinance.com/5-reasons-why-a-home-is-still-a-great-investment/

    But the short of it is I’ve got a long view on the housing “crisis”, and didn’t buy my home for a quick profit or because real estate was hot – I bought cause I needed a home!

    I’ve seen an increase in the number of posts advocating renting over buying a home, and I just don’t buy it as the better choice – especially now. With the housing market in the doldrums, now is the perfect time to buy a house, provided that buying a house really is the best choice for the given individual.



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