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Real World Graduation, Question 68: Home Ownership « EDDuvall.com

Real World Graduation, Question 68: Home Ownership

RealWorldGraduation_Question_68_HomeOwnership   <– PDF

Why is owning your own home a good investment?

a) In the long run, values of houses tend to go up, thus owning a home causes a person’s net worth to increase over time.

b) The federal government and most state governments give homeowners an income tax deduction for interest payments made on a house (if it’s a primary residence).

c) It is easier to customize and decorate one’s own house to one’s own tastes, which is not normally permitted when leasing or renting.

d) One will be able to live very cheaply after the house is paid off, whereas one never stops paying rent.

e) A combination of a), b), and d).

 

(The answer is on p. 2 of the PDF.)

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