Homeownership: A savings lifeline

Dean-Hayes

Content from Dean Hayes, Bay Equity Home Loans

With home prices rising to all-time highs, many potential buyers may imagine drowning in a sea of monthly payments stretching across many years.

Naysayers bob to the surface with harrowing tales of home-buying gone wrong. If the down payment doesn’t get you – well the property taxes, maintenance and insurance surely will!

These so-called “savvy” investors say renters who dutifully put all money not spent on housing into stable investments – like mutual funds – may get a greater rate of return.

Criticism of home ownership as an instrument of wealth-building has understandably become louder in the last decade, after a Housing Bust that put more than 10 million homeowners upside-down, and 4 million more into foreclosure.

Click here to view the article in its entirety

Speak Your Mind

*