You've probably seen lots of financial arguments about why you should
own your own home rather than rent. This includes budgeting (no rent
increases) and the tax savings you'll most likely have. Now I'm going
to give you some reasons you probably haven't heard.
Freedom to pursue other goals in life once the major goal of home
ownership is achieved
Strange as it sounds, many of my first-time buyers have told me that
once they bought the house, other things in their life started to fall
into place. It's as if not owning took so much of their mental energy
that other goals were not worked on until that big goal was reached.
So buy a home and get on with your life!
A greater sense of belonging to the community
Once you own a home, you feel more attached to the city in which you
live. You're more interested in what happens in town, to the roads,
schools, and shopping areas. Some people even become involved in local
politics, which you seldom see a renter do.
A commitment to something, a sense of stability
Home ownership is an anchor, something that cannot be pulled out from
under you. You'll never get a notice that you have to move. You're
kids will never have to change schools. It gives you freedom to plan
years ahead.
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