A couple of weeks ago my brother called me and said he needed to move. I told him I would come by the house and we would discuss his option and see what he wants to do. He is currently renting with a few friends of his. They call it "the bachelor pad" but looks like a couple of the bachelors are deciding to tap out. We started off looking at rentals because I didn't want to be the typical agent/brother and force the idea of purchasing on him.
He started looking at what he would pay for rent vs. what he would pay for mortgage and the expenses were about even. Then he considered the tax write off, he then noticed he would end up with more space buying. Of course at this point I threw in the idea that if he rents he is paying someone else's mortgage and prices are slowly rising. At this point he turns to me and says "Ant, is there any advantage to renting" my reply "No...."