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Unformatted text preview: iii. Mortgage payment stays the same over 30 years. If you were a renter, your rent would definitely go up. iv. If you itemize deductions, you can deduct the interest you pay on your mortgage v. When (if) you sell your home, you don't have to pay any income tax on the gain!! b. Disadvantages of Buying i. Work needs to be done or paid for by you. ii. 2 nd con iii. 3 rd con 4. Conclusion a. After taking into consideration everything that I have looked up and people I have talked to there is no reason why I would ever think renting is better. b. Being able to know you own your own home it makes everything feel better. I love painting and with renting a home you cant do that because most landlords dont approve of it....
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- Spring '11