05/27/2022
Renting vs. Buying
Renting:
โ You walk away with nothing after paying tons of money in rent.
โ Youโre often still stuck in a lease for 12 months or longer.
โ Could be forced to move on fairly short notice if the owner wants to sell.
โ Might be lots of restrictions in place like no pets, parking, no remodeling, and so on.
โ Not much privacy.
Buying:
โ
A place of your own, your own yard and more privacy.
โ
You are in charge and can do what you want (remodel, move, rent out, stay forever, etc.).
โ
You can build a ton of wealth and pass it down to your children.
โ
Might actually be cheaper than renting and tax deductible.