5 Financial Reasons to Buy a Home
Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of homeownership in his paper -The Dream Lives On: the Future of Homeownership in America.
Here are the five reasons, each followed by an excerpt from the study:
1.) Housing is typically the one leveraged investment available.
2.) You're paying for housing whether you own or rent.
3.) Owning is usually a form of “forced savings”.
4.) There are substantial tax benefits to owning.
5.) Owning is a hedge against inflation.
We realize that homeownership makes sense for many Americans for an assortment of social and family reasons. It also makes sense financially. If you are considering a purchase this year, let's get together to evaluate your ability to do so.
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