Why homeowners get rich and renters stay poor
Most people realize there are major financial advantages to owning a home over renting. This article I read today puts these advantages into context, with numbers:
http://finance.yahoo.com/columnist/article/millionaire/2585
In addition to the obvious tax advantages of owning, Bach's best point is this. While stocks go up and down, real estate will always stays steady because people will always need a place to live.
If you're still renting, it's time to start paying your own mortgage, not someone else's.
http://finance.yahoo.com/columnist/article/millionaire/2585
In addition to the obvious tax advantages of owning, Bach's best point is this. While stocks go up and down, real estate will always stays steady because people will always need a place to live.
If you're still renting, it's time to start paying your own mortgage, not someone else's.
posted by Jamie Mandel | 5:54 PM
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