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Good Reasons to Own a Home!
Brian Madigan, a fellow realtor and Active Rain Blogger, posted this interesting article outlining some advantages to buying real estate.  If you are on the fence on whether to buy some property or not, perhaps you should consider this...
So, you think that you would like to buy some real estate! In particular, you would like to buy a house.Let's summarize the principal financial advantages:1) use of rental income2) use of leverage3) forced savings4) appreciation in value5) tax free capital gainUse of Rental IncomeLet's face it, you have to live somewhere. So, you will probably start out renting something. Here, you're just paying off someone else's mortgage. In the long run, they own the property, and you have nothing, but you paid for it. So, it makes sense to buy something, even if it's not quite as nice as what you could afford to rent. You just use the same money that you would otherwise have paid in rent.This is basically free investment money, and it makes a lot of sense to use it.If you're planning to rent, do so only over the short term, that's for a year or two. Clearly, if you plan to be in one place for three ... more

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