Buying pros: 1. investing and building equity. 2. improving credit 3. longer-term stability 4. greater privacy 5. mortgage interest and property taxes may be tax deductible Buying cons: 1. process can be complex 2. expensive/costly 3. mortgage payments can be higher than rental payments 4. property taxes are the buyer’s responsibility 5. harder to move Rent pros: 1. no real estate taxes 2. access to amenities 3. no down payment 4. no maintenance/repair costs 5. cheaper than buying Rent cons: 1. rent price isn’t fixed 2. may not be allowed to have pets 3. no tax benefits 4. cannot build equity 5. you’re at the mercy of your landlord