House Buying Information
Advantages and Disadvantages of Renting
| Advantages | Disadvantages |
| Possibility of lower housing costs | No tax incentives |
| Shorter-Term commitment | No fixed housing costs |
| No/minimal maintenance and repair costs | No equity build-up |
| _ | Less privacy |
Advantages and Disadvantages of Home Ownership
| Advantages | Disadvantages |
| Privacy | Long-term commitment |
| Usually a good investment | Manintenance and repair costs |
| More stable housing costs from year to year | Lack of flexibility |
| Pride in ownership and strong community ties | Usually more expensive than renting |
| Tax incentives | High up-front costs |
| Equity buildup (savings) | Possiblity of Foreclosure |
| _ | Property taxes |