5 Reasons to buy a Home and proof by some very smart people at Harvard
1. Housing is the one leveraged Investment available
"Homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor" Harvard Report
2. You're paying for housing whether you own or rent
"Homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord" Harvard Report
3. Owning is usually a form of "forced savings"
"Having to make a housing payment one way or the other, owning a home can overcome people's tendency to defer savings" Harvard Report
4. There are substantial tax benefits to owning
"Homeowners are able to deduct mortgage interest and property taxes from income" Harvard Report
5. Owning is a hedge against inflation
"Housing cots and rents have tended over most time periods to go up at or higher than the rate of inflation, making owning an attractive proposition" Harvard Report
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