When you rent, you’re basically writing a check every month so someone else can pay off their mortgage or make money. When you own, you’re building your own investment. Not only that, but as a homeowner you can deduct your mortgage interest and property taxes from your federal taxes every year. Add to that, the fact the home values in the US are expected in increase about 4% in the upcoming year. Owning a home makes a lot of financial sense, plus you don’t have to ask anyone if you can paint your walls the Pantone color of the year.