Comparing the pros and cons of renting vs. buying homes - 2004-03-14
Whether to rent a home or to buy one? There are arguments for both. Homeowners can choose to paint their walls bright orange and no landlord can tell them no. They can take income-tax deductions for the mortgage interest and property taxes they pay. And, of course, they might make a profit when they sell.
Renters, on the other hand, don't have to deal with headaches like fixing a broken water heater - maintenance and repairs are the landlord's problems.
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