Rent keeps going up, and yet, you’re still paying someone else’s mortgage. So, let’s talk about buying vs renting in simple terms:
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Renting = Flexibility, but no return on your money
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Buying = Stability, equity, and ownership
If you plan to stay in one place for at least 3–5 years, buying could make more sense. You lock in your monthly payment, start building wealth, and get tax benefits like mortgage interest deductions.
Here’s an example: Let’s say your rent is $1,300/month. Over 5 years, that’s $78,000. That money is gone forever. But if you owned your home, a good chunk of that would go toward owning something that grows in value.
And Mississippi has programs to help first-time buyers. That’s money to help you get started.
Let’s figure out what’s best for you—not just what sounds good online. I’ll walk you through all the options.
