and weird backyard mushrooms freaks you out, don’t worry—you’ll get there. Pros of Buying • Locked-In Housing Costs Fixed-rate mortgage = no surprise rent hikes. (Bonus: eventually, you’ll pay it off and owe nothing .) • Equity = Ownership
Part of your mortgage builds value in your name. You’re not just making payments—you’re building wealth. • Freedom to Upgrade Want to hang wallpaper with llamas? Go for it. (Just maybe not in the kitchen.) • Tax Benefits You may be able to deduct mortgage interest and property taxes. (Talk to your accountant—not your friend who “heard it on TikTok.”) • Pride of Ownership It’s yours. You can name it. You can host barbecues and hang wind chimes and tell door-to-door salespeople to get off your lawn. • Community Roots Homeowners tend to stay longer and get involved more. You might find yourself joining the HOA, PTA, or that one neighbor who hands out full-size candy bars at Halloween. • Zero Maintenance When the dishwasher dies, you’re not the one hauling it to the curb. Call the landlord, grab popcorn, and wait. • Flexibility to Move Break a lease (or sublet) and you’re off. No showings, no appraisals, no “what if the buyers hate the wallpaper?” 9
Pros of Renting
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