Renting vs. Buying

Buying a home may not be for everyone.  If you are someone who moves frequently, or who does not want the responsibility of buying and maintaining a home, then renting may be the right move for you.  

However, the main problem with long-term renting is you, as the tenant, are helping the landlord pay off the home you are renting.  

For most people, buying a home makes economic sense because tax codes reward home ownership through the (a) mortgage interest deduction and (b) capital gains exclusion.  

When you buy a home and pay it off, you own the home outright.  Buying a home and using sound financial practices is still the surest way to build financial security!