Thursday, July 29th, 2010
- Interest Rates – All-time low
- Tax Benefits – Deduct mortgage interest
- Appreciation – Buy low, sell high
- Increase of net worth – Median net worth of a renter $4,800 compared with $171,700 for homeowner
- Equity – Future credit or financing
- Selection- Vast right now – more homes on the market
- Health – Homeowners score higher on health screenings and self esteem tests
- Financial Future – Enables a family to build financial security as the equity in the home grows.
- Savings - Fixed mortgage payment, making future financial commitments easier to estimate.
- Neighborhood Stabilization - Move far less frequently and invest in neighborhood
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