What are the advantages of home ownership over renting?
Where else can you get significant tax advantages, appreciation, freedom of ownership, and cash flow on investment properties – other than real estate? A home is usually your best investment – better than stocks, mutual funds, annuities. In real estate you can use tremendous leverage through a mortgage to own and control the real estate while making a monthly payment. Every month that you pay your mortgage you gain appreciation and pay down your debt, thereby increasing your equity and net worth. Mortgage interest along with property taxes are usually tax deductible giving you an after tax APR significantly below you note interest rate. You will not get any rent increases or be under any of the the landlord’s “rules”. Your mortgage payment goes to benefit you – not your landlord.
