financial advice for homeowners: Homeownership Benefits: What are the benefits of Homeownership?
- 11/21/13 06:30 PM
Buying a home is the latest trend in the market. One could hear everyone nagging about a new house. Why is it so attractive to buy a new home even after the historic downfall in market prices during the economic slowdown? According to the statistics, home prices dropped by a huge margin of 33 percent during the economic slowdown (from second quarter of 2006 up to April 2009). Most of the potential homeowners started questioning the benefits of homeownership. However, the truth is somewhat different. The long-term benefits of homeownership outnumber any drop in prices or economic suppression.
Buying a home is the latest trend in the market. One could hear everyone nagging about a new house. Why is it so attractive to buy a new home even after the historic downfall in market prices during the economic slowdown? According to the statistics, home prices dropped by a huge margin of 33 percent during the economic slowdown (from second quarter of 2006 up to April 2009). Most of the potential homeowners started questioning the benefits of homeownership. However, the truth is somewhat different. The long-term benefits of homeownership outnumber any drop in prices or economic suppression.
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