Reasons to Purchase a Home
•1. Quality of Life
•2. Tax Deductibility of Mortgage Interest
•3. Tax Deductibility of Property Taxes
•4. Appreciation Potential
•5. Deferred Gain and Capital Gain Treatment
•6. Once in a Lifetime Exclusion
•7. Principal Accumulation
•8. Pride in Your Home
•9. No Landlord
•10. Leverage (where else can you buy this size of an investment with 5-10% down)
•11. The Real Cost of Renting (At $700 per month, with a 6% rental increase per year, you will pay $110,719 over a 10 year period.)
Also don't forget you can get some great deals on home . Prices will not be depressed for long. Many people are going to say I should have bought a home in 2008/2009 now that the same homes are selling for much much more.
