Buying vs. Renting
There are many benefits for owning your own home. Some of them are financially, while some of them are for pure joy.
You can get that dog that you've wanted since you were in elementary school.
You can paint the inside ANY color you want.
You can make improvements that benefit you...not your landlord.
You can control how long you want to live there.
& you can throw WILD parties.
No matter what happens to the value of the home you will never gain equity.
No tax advantage to renting.
Limited, or no room to make your rental personable.
Your landlord gets any and all tax breaks that are available.
You can't throw not-so-wild parties.