Buy vs Rent
Buying
Renting
Renting
Fixed interest rates
Consistent monthly payments
No annual payment increases
Tax deductible interest and property taxes
Equity (wealth builder) - you eventually own
No landlord
Inheritance for your kids
Housing inventory remain relatively low
No lease or unexpected eviction or rent increase
Renting
Renting
Renting
Landlord pays maintenance
Flexibility to relocate
No equity (wealth building)
No ownership
No tax deduction
Periodic rent increases
No inheritance for your kids