Rent vs Own

This is the video your landlord doesn't want you to see. Each month you pay your rent, you are throwing money down the drain. 
As rental rates reach their all time high in the Birmingham area, homeownership makes more sense. Home values in Birmingham are still very affordable. Interest rates are at or near their all time lows. Paying a mortgage instead of paying rent each month helps to build equity (savings) as a mortgage is paid down.