Rents are going up. According to rent.com 88% of rents were raised in the past 12 months and an 8% increase in rent is predicted for 2016. When you pay rent you say goodbye to your money forever. 2016 is a great time to buy a home, interest rates are low, great programs for first time homebuyers, mortgage interest is tax deductible and you are building equity in your own asset rather than handing your money over to your landlord. Invest in your future, become a homeowner!