- Oct 26, 2010
- Reaction score
The economic benefits of home ownership are not a ruse. We're currently in a slump right now.
Bubble was in 2006 when home prices were ridiculously high. And like with everything, there's a cycle.
Traditionally, home ownership nets you a profit when it comes time to sell.
Another economic benefit - own more than the one you're living in, and you can rent it out.
Get enough properties under your belt, and you've got a cash cow.
BTW, now is the time to buy with:
a) Prices historically low
b) Interest rates historically low
Only "con" is lending restrictions are very high (thanks to subprime loan scandal).
Makes me wish I had enough money to buy and was out of school. Im in a great spot since I have nothing to sell.