Katherina Ramirez

Owning could be better in the long term cost wise since you are building equity in your home as you pay it. Oppose to renting where the $24K a year ( just estimating off of someone paying $2,000 dollars in rent) goes to the Landlord instead on in you pockets essentially. But for those that do not want to deal with repairs, up-keeping, and a mortgage then renting is best.

Yes, land is a great investment if you are thinking of buying it in an area that will increase in value before you sell it. If there is growth heading that way then there could be a lot of money involved in not then it wont be worth your money or time. Also you need to make sure the land is even buildable because if not then not worth it once again.