Deciding between buying or renting in the Bay Area can be a heart breaking decision, however, there are tools to help you with your decision.

What are some the pros and cons of purchase vs. buy.

Potential Profit: Having an asset or stake in property is one of the largest investments most families make which has the most potential for profit and building wealth vs. $0.0 return of equity when paying rent or HOA dues.

Monthly expense control: As a homeowner with a 30 year fixed mortgage, your monthly rent does not change. When rents or HOA fees increase, monthly budgets require re-evaluation.

Uncertainty: As a renter, you never know when you will receive an eviction notice. Owning a home gives you stability and ability to control your expenses.

Value of repairs: As a homeowner, repairs and remodels can dramatically increase the value of your home and equity vs. no return on repairs investments as a renter.

Tax Deductions: Homeowners can deduct mortgage interest from their taxes vs. renters that may not have deductions at all. Further upon selling your home there are potential gains, see: https://www.irs.gov/uac/Ten-Tax-Tips-for-Individuals-Selling-Their-Home

At the end of the day, buy vs. rent is up to the individual.

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Check out this nifty rent vs. buy calculator:

http://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html?_r=1