Sponsored by JPMorganChase

Homeownership has been long associated with the American Dream, yet the economic climate of recent years has left some potential homebuyers on edge. Many potential homeowners have put their dream of buying a home on pause – or even abandoned it altogether.

If you’re thinking of buying a home but aren’t sure if it makes sense for you right now, consider these pros and cons of renting versus buying:

Pros of renting

Renting is a short-term commitment. You can sign a lease and have the flexibility to move somewhere else after the lease is over.

Maintenance and repairs are typically handled by the landlord, saving you time and money. Additionally, taxes and other local expenses are also often covered by the landlord.

If you live in a city with high property taxe

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