Renting vs. Owning?

Charis Deguzman: owning a home allows you to have many tax writeoffs if you are renting now and your income is 40k your paying taxes on all of it and still paying rent basically paying someone esles mortgage and paying taxxes on your entire incomeif you own a home you write of interest and since you are th efirst 10 years paying mostly interest you write off that income and pay taxes on what is left. not to mention how much a house would apprectiate over the next 10 years.look at the big picture what would you have left at the end of the year verses renting than look at the big picture property values will go up ove ten years no matter how bad things are now. Its a buyers market great time to get in good luck!...Show more

Madge Voice: Depends on where you live in some areas the price of buying is worse than owning. Owning in general is best because of the tax writeoff that you get. It depends on where you live.

Marquetta Gimm: Renting Vs OwningPro & Conno ! property tax, no Insurances, no mortgages, zero liabilities, no painting job need, no yard work/ fee, renter deduction in tax, put THE Money in the bank and negotiate better interest rate. Better use of liquid assets.Pro & ConEquity, Retirement, deduction in taxes, A place to raise your family, A place for your friends to visit with pride. No hassle when rent increase, buy another house, help your children to college. A peace of mind for your spouse.hope that does the work but the list can be longer if you know what I mean ...........Show more

Tracy Huesso: renting = someone esle does the maintenance and gains equity in their property at your expense. Owning gives you an investment if you purchase wisely and at the ight time/place.

Tory Clapper: Renting you spend less up front but do not build equity where as owning you spend a little more in the beginning to then pay less in the future. Renting you can get kicked out by the owner, I always felt like I was at ! the mercy of someone else. Owning a home you make all the call! s but are tiedto that properity for much longer than you would be if you rented