John Meussner, #MortgageMadeEasy Walnut Creek, CA 484-680-4852 (Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,)

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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi John -- to have his/her/their own place.  No landlords.  If you want a dog -- get one.  If you want to paint a wall - do it.   

I think homeownership is foundation of wealth building for most people.   

 

Apr 21, 2015 10:11 AM
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Equity

Apr 21, 2015 12:51 PM
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Who doesn't want to live the American dream?

Apr 22, 2015 12:32 AM
Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Building long term wealth--homeowners have 30X the net worth of renters.

Apr 21, 2015 09:20 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

John Meussner we all should have many answers for this - as we have to convince the buyers of these advantages....

For me - as Michael Jacobs said - a place called 'home' - my own place!

Apr 21, 2015 12:48 PM
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Love the question John. The desire to own your own home instead of collecting rent slips.

Apr 21, 2015 10:11 AM
Rainmaker
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Cindy Davis
SD Home Source Realty - San Diego, CA

I think it is about the feeling of having one's own home. You can do as you wish to it without asking anyone's permission. The home provides the environment where you are raising kids, putting down roots, and getting to know neighbors. In addition, owning a home provides useful tax breaks for those in the middle class. It is far more desirable than renting and being at the whim of a landlord.

Apr 21, 2015 09:52 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Peace of mind.

Oct 16, 2018 05:48 AM
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Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Noah nailed this one!

Sep 30, 2017 04:07 AM
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Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

John - I really enjoyed the answer by Holleay Parcker - Spinnaker Realty - Serving Clients From Corolla to Hatteras.

However, I do believe that paying for something that you can eventually call your own is much better than paying rent so someone else call call it their own.

Apr 22, 2015 08:44 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

The finacial reason is the tax break .

Apr 22, 2015 05:26 AM
Rainmaker
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Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

I think the #1 advantage of home ownership is the principle of personal property that as more people own their own home most will take care of it and improve it, thus lifting the values of neighborhoods, one owner at a time.

Apr 21, 2015 09:42 PM
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning John. Equity and the freedom to do what you want.

Apr 21, 2015 08:38 PM
Rainmaker
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Holleay Parcker - Spinnaker Realty - Serving Clients From Corolla to Hatteras
SPINNAKER REALTY LLC - Kitty Hawk, NC
With 14 Yrs Experience in Outer Banks Real Estate

Hi John;

The old saying goes that 'home is where the heart is'...

While it is true that there are many good financial reasons to own a home, at the end of the day, every person wants someplace special to go home to.  Someplace that they can call their own.

Because we are in the business of selling houses, we think of them as 'product' or 'inventory'. To the individual selling, though, it's so much more than that - it's not a house, it's their home.

It's where they spent a big chunk of their lives, where they made many memories, where they raised a family, had cookouts and invited the neighbors, planted a tree to remember a special occasion, buried a beloved pet in the backyard.

The #1 advantage of home ownership is having a place to call home.

 

Apr 21, 2015 07:55 PM
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

There is usually a certain pride a family, or individual, gets from owning a home. 

Apr 21, 2015 02:16 PM
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

People who own their own homes have a significant increase in net worth - I think it is tenfold. 

Apr 21, 2015 02:14 PM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

The personal enjoyment of being able to decorate the way you like and say it is yours (and the bank's). No landlord is telling you what to do.

Apr 21, 2015 01:38 PM
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Raoul Loustaunau
REALTY ONE GROUP - Phoenix, AZ
urhomefinder.com myvaluetoday.com

its better to pay to own that to pay to rent ; at least at the end you have something to show for your commitment to pay; in the event you do it for 30 years for the home owner has something of value for the renter has the never ending increase of rent . their is always a plus to own . on paper the home is an asset only, now the real asset would be to buy a duplex,triplex or fourplex to get a nice cash flow that would be a real asset. just my opinion, great question John have a great month

Apr 21, 2015 12:37 PM
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

John Meussner A long term equity builder and the tax benefits.

Apr 21, 2015 12:33 PM
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

The obvious -- having the ability to write off MID and interest, but also to enjoy the feeling of owning!       You can make changes, and not ask permission (unless you live in a covenant community and doing improvements on the outside of the home). 

Apr 21, 2015 12:31 PM
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Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Hmm, I have to give two answers for #1. Most owners are in a tax bracket to take advantage of the mortgage interest write off, and most owners enjoy their freedom to "do-as-they-please" with their home and landscaping.

Apr 21, 2015 11:22 AM
Rainmaker
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Tax deduction

Apr 21, 2015 10:47 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

it's an investment, even if you live in it, and it's a tax right off.... a win-win...

Apr 21, 2015 10:36 AM
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Jill Moog
Coast & Country Homes and Estates, Inc. - Carlsbad, CA
Carlsbad, CA Homes for Sale

Everything Cindy said, plus if you have a fixed rate loan, your payment stays the same!

Apr 21, 2015 10:13 AM