I have an opinion. Okay, well I have a lot of opinions and here is one of them. Everyone that is able to, should buy a home. I’ve read, on many blogs, and other articles, that home ownership isn’t necessarily for everyone. I won’t disagree with that but I think it’s only that rare person.
Here is my very unscientific opinion on the subject. It’s no secret that a lot of the wealth in our country has come from real estate. If you look at the average net worth of a person in the
Sure, my home takes work and costs me money, but when it’s all said and done, I’m still seeing it rise in value, far more than it’s costing me in maintenance, interest and taxes. If the real estate market ever cools off, this could change a bit, but everyone needs somewhere to live. I’m still way farther ahead by making a mortgage payment, than I would be if I paid rent. With interest rates being so low, it isn’t unlikely that you’ll see a higher rate of appreciation than you are paying in interest on the home loan. If this is the case, you are looking at free money.
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