As we approach Spring and more people think about buying and/or selling their homes, what are some of the best financial reasons to buy?
Personal reasons for buying vary from person to person, but the financial benefits tend to remain constant for most buyers:
1) You’re paying for housing whether it’s yours or someone else's
2) Owning is usually a form of “forced savings” while you build equity in the home
3) There are substantial tax benefits to owning
4) Housing costs & rents increase every year, so owning is a hedge against inflation