Is it financially better to own a home or rent? This is an interesting question. Let’s put it to the test. To truly compare, let’s look at the benefits and costs of each one. Then you will have to balance these out with your own individual goals and priorities. Home Ownership: Benefits: • Income tax breaks on mortgage payments. • The money you spend each month goes towards your investment dollars, not someone else’s. • A house can be a good asset for your total net worth. • A home can often be leverage for other borrowing. • Owning a … Continue reading →