What Home Ownership Means to Me? True Story

Real Estate Agent with Front Gate Real Estate Broker 11085

June is National Home Ownership Month! I am a firm believer in home ownership. I purchased my first home at age 17. Since then, I've bought and sold over a dozen PRIMARY residences, not including fixer uppers and flips. Perhaps I move more frequently than most, but with each move, I was able to reinvest my profits and "move up" in value.


Did I mention I love real estate?Proud to Be a Homeowner with American Flag


As a child of Depression Era parents, I learned at an early age home ownership was the ONLY way to go. Mortgage payments were substantially less than they are today, but so was the cost of living. In 1950, the average annual income for the middle class was roughly $3,000, which would equate to around $29,000 today. (Courtesy of a quick web search.) 


In college, one of my assignments was to present a speech to the class. My topic? Renting vs Buying a Home.


I prepared a poster outlining the advantages of home ownership. After all these years, the reasons for owning a home hasn't changed:

  • Pride of ownership
  • Freedom to do as you choose on YOUR property
  • Low interest rates
  • Peace of mind
  • It's a forced way to save. 
  • Never have a rent increase
  • Tax savings
  • Mortgage interest deductions
  • Equity escalation (appreciation)
  • Safe investment
  • Capital Gain Exclusion


A home purchase is generally the largest investment you will ever make. You build equity with each mortgage payment. You're free to decorate and paint to your hearts desire. You can hang as much art on the wall as you wish without fear of retaliation from the landlord.


Deciding to purchase a home will be the best financial decision you can make. It would be my honor to guide you through the process of choosing the RIGHT home for you and your family.

Comments (16)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Your list of bulleted points are all excellent, Pat.  Homeownership offers so many advantages.

Jun 28, 2019 01:25 PM
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi, I enjoyed reading your story. Your list of bullet points still hold true today.


Jun 28, 2019 01:40 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Pat home ownership has been and will continue to be an American Dream and something to be very proud of once achieved.

Jun 28, 2019 01:53 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy


What a great story and topped with great bullet points.  We wish you a wonderful relaxing weekend.  A

Jun 28, 2019 02:04 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Pat Starnes-Front Gate Realty - You have me beat! I owned my first home at 20. We were smart to buy a home. It was a great investment choice. 

Jun 28, 2019 02:07 PM
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Thanks everyone! I'll be working this weekend Ron and Alexandra Seigel, but I'll take the well wishes anyway.

Sheri Sperry - MCNE® - I've been challenged on the age "17" before, but it's true. My dad put the house in his name until I was legal. Then he promptly transferred it to me. :)

Jun 28, 2019 05:30 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I love this, Pat and it so reminds me of my late teens too! I also purchased my first home before 20 - at 18 - and never looked back! I went through college working to pay my mortgage...and was so thankful when I graduated and made double what I was making before because I had my nursing degree! 

Love your list and totally agree that you that is is not only our largest investment but, the most important one too. Thank you so much for sharing in this month's contest, Pat!

Enjoy your weekend!

Jun 28, 2019 09:04 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Nice post, Pat, about the advantages of homeownership. And it's amazing isn't it, how those advantages have remained tried and true for all this time.  I loved the image you used, as well.

Jun 29, 2019 11:22 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Pat - Seventeen! I am impressed.  Your homebuying journey has certainly been lucrative as well as inspiring.

Jun 30, 2019 08:27 AM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

The list of the values of homebuying have only become more true since you prepared your poster in college!

Jul 03, 2019 06:32 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Pat:

Thanks for sharing your thoughts and your personal experience. Interesting, but not really surprising that the value of homeownership has not changed.


Jul 06, 2019 11:28 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

I enjoyed your experience...Dorthy had it right...there really is no place like home !

Jul 11, 2019 03:01 AM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

The advantages are numerous and you have outlined several key reasons why homeownership makes sense. Nicely done Pat!

Jul 19, 2019 02:44 PM
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

WOW! Pat Starnes-Front Gate Realty while some kids were collecting pennies and stamps, you were saving up for your first home and succeeded at 17! I wonder if you qualify for Ripley's Believe it or Not? You were certainly ambitious and smart! I'm so impressed! 

That was a smart list you made up for your college essay and it still holds true today. 

Jul 24, 2019 07:44 PM
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

Patricia Feager, MBA, CRS, GRI,MRP - I had a part time job after school and saved almost my entire paycheck. I've always been a saver so I had a modest down payment. 

Jul 28, 2019 12:17 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I just popped in to check on you my dear! Hope you're well and having a wonderful summer...

Aug 31, 2019 09:11 PM