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RSS FeedShould I Buy? |
I have owned my own home for many years. I can not imagine renting again and paying for someone else to have cash flow when I have a built in savings account in my home. Rent is something that will never be seen again.
There are tax breaks to be considered, the US tax code allow us to deduct the interest you pay on your mortgage. Property taxes and some costs involved in buying your home.
Over a 5 year period an average homeowner will have around $50,000 in equity in their home. While there is no guarantee typically real estate will appreciate 2-5% a year.
The freedom you feel when you own your own home is something that can not be described. It is YOURS. You can paint the walls and decorate anyway you want!!!
Owning your own home also allows you to put down roots. Become part of a neighborhood and the community. If you have children it gives them roots and the joy of having friends for a long time.
Homeownership is truly part of the American Dream.
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