The Five Reasons To Buy
Why Buy A Home
- It forces you to save
- There are substantial tax benefits
- It’s a hedge against inflation
- You pay for housing in a way that benefits you
- It’s a leveraged investment
Consider The Details
A simple fact that is hard to learn is that the time to save money is when you have some.
Joe Moore
Since it can be challenging at times to save money, making a housing payment, one way or another, forces us to save money. This forced savings will repay us in many ways as the following items show.
You must pay taxes. But there’s no law that says you gotta leave a tip.
Morgan Stanley Ad
A homeowner can deduct interest and property taxes from income. Because the standard mortgage amortization schedule is front loaded with mortgage interest, the savings can be significant especially in the early years.
Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.
Sam Ewing
Over time, housing costs and rents tend to go up at or higher than the rate of inflation. Owning a home is built in safety net against inflation.
Price is what you pay. Value is what you get.
Warren Buffett
We pay for housing whether we buy or rent. Homeowners though pay debt service to pay down their own principal while renters pay down the landlord’s principal. It seems there is more personal value in buying.
When you’re young as a comic, you don’t have a lot of leverage.
Louis C.K.
Use the leverage that you can. Few want to borrow money to buy stocks and bonds and fewer lenders are willing to oblige. Home buyers though can amplify the appreciation on the value of their homes with leverage. A 20 percent down payment for example results in a leverage factor of five.
Take care of the sense, and the sounds will take care of themselves.
Lewis Carroll
The bottom line is that it makes sense to buy a home. Buy a home with Skyrise Real Estate Group and let us help you put the sounds of a happy family within the walls of your choice.