Question

What are the advantages and disadvantages of renting or buying your first home?

Answer 1

advantages:
- more space
- (for owning) you have a house you can potentially re-sell when you want to move, if you buy wisely and take care of your house you can preserve as much of its value as possible
- tax benefits
- better for building credit

disadvantages:
- have to pay for all utilities
- have to pay for all maintenance
- harder to move away (you have to find someone to buy the property from you, or take the loss)