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Reasons to Buy a Home

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  1. Quality of Life

  2. Housing Cost Predictability – No Rent Increases

  3. Tax Deductibility of Mortgage Interest

  4. Tax Deductibility of Property Taxes

  5. Appreciation Potential

  6. Forced Savings through Loan Principal Reduction

  7. Wealth - Principal Accumulation Home Equity = Loan Reduction + Appreciation

  8. Favorable Capital Gain Treatment

  9. Pride in Your Home

  10. The Ability to Customize and Improve the Property

  11. No Landlord Controlling Your Life

  12. Leverage (where else can an investment you buy this size of with 5-10% down)

  13. Savings, Payments Lower than Rent

  14. Significantly Reduced Incidence of Crime, Especially Violent Crimes

  15. Putting Down Roots and a Sense of Place and Belonging

  16. The Ability to Borrow Against your Equity

  17. Improved Outcomes for Children

a.      Better Grades and Test Scores

b.      Lower BehaviorSocial and Emotional Problems

c.      Lower Rates of Anxiety and Depression

d.      Higher Educational Attainment and Lifetime Earnings

e.      Better Health

f.      Less Likely to Get Pregnant at an Early Age