Experts Say Home Prices Will Continue to AppreciateIt’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a
Why own a home?
Dated: December 31 2020
Views: 784
There are a variety of benefits associated with owning a home. Most obvious is the opportunity for price appreciation.
Mortgages can also act as an invisible, forced savings account. Amortizing mortgages were the primary form of wealth accumulation for America’s middle class over the past century. By steadily paying down principal while prices rose, people built equity.
There are also tax deductions for mortgage interest.
The Federal Housing Administration or FHA and GI Bill subsidized mortgages and made it easier to buy a home. This helped increase the national home ownership rate to 55% in 1950. And by 1970, it reached 63%.
Of course, monetary factors aren’t the only reason to buy a home. For many, owning a home also has experiential perks. These include a feeling of stability and freedom to make property improvements.
Anthony Rivera
Anthony is US Navy Veteran , retired NYC Police Officer and business man. He is well versed in investment real estate with his years of purchasing rental homes. He is dedicated honest, trustworthy and....
Latest Blog Posts
There are a variety of benefits associated with owning a home. Most obvious is the opportunity for price appreciation.Mortgages can also act as an invisible, forced savings account. Amortizing
Copyright© 2021 REIN Inc. Information Deemed Reliable But Not Guaranteed. The listings data displayed on this medium comes in part from the Real Estate Information Network Inc.(REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of
