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Buying a Home Could Make People Wealthy
Buying a Home Could Make People Wealthy
 

With the real estate market slowing, many potential homeowners and investors are worrying that they missed the boat.
According to David Bach, author of the best-selling "The Automatic Millionaire Homeowner: A Powerful Plan to Finish Rich in Real Estate," buying a home is still a wise move.
"We're seeing home ownership become accessible to more people," says Bach.
 And they have less of a financial interest in the property.
If you are convinced that your area is still in a housing bubble that will start to go down soon, you might consider waiting to purchase until conditions are more favorable to you.
If you have doubts whether owning or renting is best for you, you should consider all of the costs, pros and cons and long term consequences.
One pro that is rarely brought up is the net worth of a homeowner.
"For most people, it truly is their best asset, their most valuable asset," Bach says of homeownership.
"People work their whole lives and save, save, save, but buying a home and living in it will make them more money than anything else they do."
Bach suggests to ask yourself some ... more

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