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Ten reasons why owning is better than renting . . .
1. You own it: No landlord can tell you they’ve decided not to rent anymore, forcing you to move on short notice. 2. Your tax return: The IRS provides several tax deductions for homeowners including mortgage interest, property taxes and some costs involved with buying a home. In addition, people who work from home can claim home office deductions. 3. Interest rates: Rates are still at some of the lowest levels ever seen, making it a great time to jump into home ownership. Depending on the property it may even be as cheap as paying rent for a comparable property.4. You’re investing: Your rent money is gone forever, building equity for someone else. Your mortgage  payments can build equity in the property. 5. You save for the future: As your equity grows, and you’re investment matures, you can sell it and make up to $250,000 cash without owing any federal income tax on the profit. 6. You can predict expenses: A fixed rate mortgage remains the same over time, so there are no unexpected increases in rent. 7. You decorate it: Unless you’re in an HOA with restrictions on paint and landscaping, you can do what you’d like with the decor ... more

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