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Renting vs. Buying
While renting, you are continually throwing your money away. You are giving your money to the homeowner/landlord and THEY are getting the financial benefits that YOU could be receiving!

Consider the following:

Owning a home brings you lots of enjoyment - having something you can "call your own" - something you can decorate to your hearts desire - change when you want to - and put nails in the walls when you please.

Owning your own property usually means additional privacy - a sense of control over your own life - and a feeling of stability - of "putting down roots". Feelings that you just don't get as a renter.

And then of course there are the cost differences. When you own a home or condo of your own - it may cost a little more in the beginning, but your monthly payment is often less than you are currently paying for RENT.

Owning as opposed to renting can actually INCREASE your monthly 'take home pay' without getting a raise from your boss. When you own a home, you can change your withholding to reflect the additional tax deductions you will have as an owner.

As an Owner, part of your monthly payment will go towards mortgage interest and taxes (these are deductible items.) This means that, as a homeowner, you can receive more money in every paycheck.
It's your money. Keep it.
If your rent is and you've been renting for you've lost
$500 per month 1 year $6,000
2 years $12,000
3 years $18,000
4 years $24,000
If your rent is and you've been renting for you've lost
$600 per month 1 year $7,200
2 years $14,400
3 years $21,600
4 years $28,800
If your rent is and you've been renting for you've lost
$700 per month 1 year $8,400
2 years $18,800
3 years $25,200
4 years $33,600
If your rent is and you've been renting for you've lost
$800 per month 1 year $9,600
2 years $19,200
3 years $28,800
4 years $38,400
 
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