Homeownership is the Cornerstone of the American Dream
Posted by perdewhomes on May 18, 2009
The news headlines frequently report today’s economic challenges. We must not overlook the benefits of homeownership. These are some uplifting thoughts about homeownership!
“Buying Your First Home”
Presented by YAHOO
Home ownership is the cornerstone of the American Dream. But before you start looking, there are a number of things you need to consider. First, you should determine what your needs are and whether owning your own home will meet those needs. Do you picture yourself mowing the lawn on Saturday, or leaving your urban condo for the beach? The best advice is to look at buying a home as a lifestyle investment, and only secondly as a financial investment.
Even if housing prices don’t continue to increase at the torrid pace seen in recent years in many areas, buying a home can be a good financial investment. Making mortgage payments forces you to save, and after 15 to 30 years you will own a substantial asset that can be converted into cash to help fund retirement or a child’s education. There are also tax benefits.
Like many other investments, however, real estate prices can fluctuate considerably. If you aren’t ready to settle down in one spot for a few years, you probably should defer buying a home until you are. If you are ready to take the plunge, you’ll need to determine how much you can spend and where you want to live.
CAROL PERDEW
Prudential California Realty
(209) 239-7979
wwwCentralValleyHomes.com
hope002 said
You make some great points here about the value and importance of Homeownership and it’s crucial role and place in the American Dream. If anyone is unsure let me state a clear opinion that I believe to be fact: Homes are cheap!
Real Estate is a tangible and fundamental necessity of life. There is no better asset to own in a time of turmoil and emotional shifts that prove the catalyst in the current pricing or appraisal of value. A Home has a clear, proven, tested, fundamental value. Until the population starts to tank Housing is probably the safest overall investment you can have, next to water, food, and arguably utilities.
Buy a Home.
Thanks for all the effort it seems that you have put into your blog. Sound advice from sound professionals like yourself Carol is what the American Homeowner needs. Your job though not as profitable as three years ago is even more important today. Keep up the great work.
If you ever get a chance check out one of my blogs or sites…
http://www.stopforeclosureshere.blogspot.com
http://www.hopenhousing.org