1. Comparing Renting and Buying

2. Main advantages of renting your home Ease of mobility Ease of mobility Fewer responsibilities Fewer responsibilities Lower initial costs Lower initial costs

3. Common disadvantages of renting your housing No chance to build equity No chance to build equity Restricted lifestyle, decorating, having pets, and other activities Restricted lifestyle, decorating, having pets, and other activities Legal concerns Legal concerns

4. Benefits of buying your housing Investment and building equity Investment and building equity Pride of ownership Pride of ownership Flexibility in using the property Flexibility in using the property

5. Disadvantages of buying your housing Financial risks related to having down payment funds, obtaining a mortgage, and fluctuating property values Financial risks related to having down payment funds, obtaining a mortgage, and fluctuating property values Limited mobility if a home is difficult to sell Limited mobility if a home is difficult to sell Higher living costs due to repairs and maintenance Higher living costs due to repairs and maintenance

6. RENT, BUY, or DEPENDS? Jasmine, age 22, plans to work full time while completing her college degree in a nearby city. Jasmine, age 22, plans to work full time while completing her college degree in a nearby city. RENT BUY DEPENDS

7. RENT, BUY, or DEPENDS? Jasmine, age 22, plans to work full time while completing her college degree in a nearby city. Jasmine, age 22, plans to work full time while completing her college degree in a nearby city. RENT BUY DEPENDS

8. RENT, BUY, or DEPENDS? Harry, age 44, travels out of town frequently for his sales job. His company may transfer him to another sales territory within a year or two. Harry, age 44, travels out of town frequently for his sales job. His company may transfer him to another sales territory within a year or two. RENT BUY DEPENDS

9. RENT, BUY, or DEPENDS? Harry, age 44, travels out of town frequently for his sales job. His company may transfer him to another sales territory within a year or two. Harry, age 44, travels out of town frequently for his sales job. His company may transfer him to another sales territory within a year or two. RENT BUY DEPENDS

10. RENT, BUY, or DEPENDS? Gino, age 32, recently completed his master’s degree in business while working at the same company for the past six years. He has also been able to save nearly $8,000 over this time period. Gino, age 32, recently completed his master’s degree in business while working at the same company for the past six years. He has also been able to save nearly $8,000 over this time period. RENT BUY DEPENDS

11. RENT, BUY, or DEPENDS? Gino, age 32, recently completed his master’s degree in business while working at the same company for the past six years. He has also been able to save nearly $8,000 over this time period. Gino, age 32, recently completed his master’s degree in business while working at the same company for the past six years. He has also been able to save nearly $8,000 over this time period. RENT BUY DEPENDS

12. RENT, BUY, or DEPENDS? Chelsea, age 19, has just taken her first job as a sales representative trainee for a computer software company. Chelsea, age 19, has just taken her first job as a sales representative trainee for a computer software company. RENT BUY DEPENDS

13. RENT, BUY, or DEPENDS? Chelsea, age 19, has just taken her first job as a sales representative trainee for a computer software company. Chelsea, age 19, has just taken her first job as a sales representative trainee for a computer software company. RENT BUY DEPENDS

14. RENT, BUY, or DEPENDS? Karen and Vincent, ages 54 and 57, are planning to retire within the next few years. Karen and Vincent, ages 54 and 57, are planning to retire within the next few years. RENT BUY DEPENDS

15. RENT, BUY, or DEPENDS? Karen and Vincent, ages 54 and 57, are planning to retire within the next few years. Karen and Vincent, ages 54 and 57, are planning to retire within the next few years. RENT BUY DEPENDS