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Rent vs. Buy

Why Rent When You Can Own

Own vs. Rent
Historically, home values grow in the long run vs. No equity
Tax deductions benefits are available for mortgage interest and certain state and local taxes vs. Not tax deductable
Personalize to your needs vs. Very limited ability to personalize
Home Ownership can offer a stable home setting vs. May lack stability due to non-renewal of lease or rent increase
In many areas, monthly expense of owning may be less than renting vs. If lease is not renewed, moving and apartment hunting can be time consuming, expensive, and frustrating
Owning a home will keep your payment the same monthly vs. Rents can rise over time
Mortgage Interest rates are near historically low level and can be locked in for 30 years vs. Rental rates are rarely locked in for extended periods of time