rent vs buy tax savings equity investment first time home buyer: Renting or buying the real scoop
- 10/23/07 04:53 AM
Talking with first time homebuyers the common question arises, "Is it better to rent, or buy?" I have always been fair with this question while I think REALTORS and financial planners alike are heavily on the side that buying is better. There is no question there are many advantages to home ownership.
Tax Savings: Interest and property tax are deductible on your Federal Income Tax return
Equity buildup: Your prinicipal is reduced over time growing your net worth (your personal wealth)
Investment: In a stable or growing market the home will appreciate in time (not guaranteed)
Pride of ownership: The property is yours to add … (3 comments)
|
|
|
|
Talking with first time homebuyers the common question arises, "Is it better to rent, or buy?" I have always been fair with this question while I think REALTORS and financial planners alike are heavily on the side that buying is better. There is no question there are many advantages to home ownership.
;)
;)
;)
