Reasons to Buy vs Rent

 - Inspite of the risks and responsibilities, millions of people enjoy the rewards of home ownership.  A home is generally a sound investment.  When you carefully choose a home you can afford, the potential payoff is great.  Each month when you pay your mortgage, you're biulding equity in a place of your own.  Equity is the portion of the property that you actually own through your payments, versus the portion that you still owe.  And unlike most things you buy, a home can actually increase in value as time passes, building more equity.  But remember there is no guarantee that your homes value will appreciate.  Sometimes home values go down, but not often.  Owning your home is  one of the keys to building wealth.

- When you are a renter you pay money every month for housing and receive no return on that money .  The money you pay into a mortgage builds equity.  Money that will come back to you should you ever decide to sell.  Plus you'll most likely receive the added value of your home appreciating in value.