It s a complicated question, and loaded not just with personal and lifestyle considerations, but financial issues, as well. You probably already know how you feel. On the other hand, if the responsibilities of ownership make the American Dream sound to you more like an American Nightmare, renting is going to sound much more interesting. However, deciding whether to rent or buy means taking a long, hard look at both your feelings and your finances.
Many people know there are tax advantages to owning, but it s only one of many factors to consider.
Use the table below to weigh each aspect carefully and to get a clear, unemotional picture of the financial pros and cons of renting and buying. Renting Buying Taxes Sorry, your landlord will reap the tax breaks. Depending on your situation, your tax savings can be significant. Find out more. You re not getting it.