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We have been going over the pros and cons of renting or owning a home. One thing I like about renting is when something stops working the landlord has to fix it. If something breaks in your home you have to not only fix it you have to pay for the part. Owning a home is like having collateral. By keeping up with the mortgage payments you keep your credit good. You can also borrow against it in the future if you need money. I think owning out weighs renting. I was reading in an article about kansas city homes for sale. The article explained that living in that state would be advantageous to a first time buyer. Your availability to get a solid loan. Many other enticements to get the first time buyer to move there. For now I think I will stick with renting until I can save enough money for a decent down payment.