Why Did Your Parents Buy A Home?

Services for Real Estate Pros with East West Communities

by The KCM Crew on September 27, 2010 

in For Buyers

We are in an interesting time in real estate. Every decision we make about our housing options seems to be tied to money. Articles are written explaining that prices will still drop and therefore buying a home makes no sense. Some people have judged whether living in their home over the last ‘x’ amount of years was a good thing based purely on the profit they received (or didn’t receive) when they sold it.

Wait a minute. Did we buy the house to make money? Or, did we buy our house because we wanted a home for our family? We have posted on the reasons why buying a home today still makes sense financially. There are other reasons that people buy homes besides the investment however.

As a matter of fact, Fannie Mae just came out with their National Housing Survey which asked the question directly. The study broke up the answers into financial and non-financial reasons. To read the top 10 reasons why people buy a home, click here.

Comments (1)

Andy Kress
Rental Solutions Oahu - Honolulu, HI

This is a good article. We do have to change our mindset that buying a home is not a vehicle to make money, but rather where you live for your life - stability. I live in Honolulu which is transient. There are areas that do fit this profile.

Oct 07, 2010 03:43 AM