Decades after the phrase “the American dream” was first coined, home ownership is still a meaningful goal for a large number of individuals and families. And, as the years go by, you can build ownership interest, called equity, which you may be able to borrow against if you choose. In contrast to renters, most homeowners receive significant tax breaks, because interest paid on a home mortgage is almost always tax deductible. You will want to consult with your tax advisor/accountant regarding your deductibility of interest. Finally, there’s the personal satisfaction of having a home you can call your own to share and enjoy with friends and family.
bc@SmarterBorrowing.com 617.771.5021
bc@smarterborrowing.com
617.771.5021
Brian, I just tweeted a little about this today, too. My point was that the biggest factor in buy vs rent dilemma is job security. If you are sticking around, BUY for all the reasons in this blog!