Someone once told me to do one thing that scares me every day. That doesn't mean I should repel off the Golden Gate Bridge or dash across the highway, it means I should break away from my comfort zone enough to learn, grow, and optimize my chances for better opportunities. In this economy, people are afraid to purchase homes, they are scared that the economy will never improve, and renting a home allows them to remain in their comfort zones. I am here to help weigh the pros and cons of renting versus buying, and prove that renting is actually scarier than buying a home:

1. Equity: Purchasing a home provides the opportunity for home equity. Home equity basically represents the amount of ownership the buyer has over the property.  The buyer gains ownership every time the mortgage is paid, and home equity is reached once the entire mortgage is paid off. 
2. Investing: When owning a home, the monthly payments go toward paying off the mortgage, which leads to personal home equity. When renting a home, the monthly payments go toward paying off the landlord, which leads to the landlord's home equity.
3. Tax Write Offs: It's simple: Buying leads to tax write offs; renting leads to nothing.
4. Personalizing Your Home:  Home ownership presents the opportunity for home improvement, which in turn increases the value of the property. It also allows the buyer to customize the home to their personal standard of living.
5. Damages/fees: There are no required fees or damage costs when owning a home. The buyer/owner can choose what to invest in, whereas a renter must leave the home in move-in condition.
6. Home Appreciation: Overtime, the home will increase in worth, leading to a higher return.
7. Sense of Ownership: Buying a home gives you a sense of security and comfort.

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