| Home Ownership |
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Property has the possibility of building equity, therefore increasing your financial portfolio
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You develop a sense of community, stability, pride in ownership, and security
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You just received another tax benefit based on the status of your mortgage note
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You are free to improve the property, remodel, or landscape (within city/local/state guidelines)
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You are not dependent on a landlord to complete projects or repairs required to the property
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You are responsible for any repairs or improvements to the property
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You are responsible for any/all taxes and/or mortgage payments due on the property
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You have less 'mobility' freedom when you want or need to move
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| Renting |
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You are responsible for little, or no maintenance required to the property
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You have more 'mobility' freedom when it is time to move
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You are not responsible for taxes, or mortgages due on the property
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You do receive any property tax benefits from your monthly payments
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You are not acquiring any equity in the property, and therefore are not improving upon your financial portfolio as a result of your monthly rent payments
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You have no control of the resale of the property
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You have no control over rent payment increases
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