Why You Should Buy A House?

Last Revised on February 7, 2008

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More and more young move out of their parents house, the rent price seems to keep going up. So why don’t they buy house? It’s simple because they can’t afford to. But if they can, they should try to buy a house over renting an apartment:

1. It’s good investment: You can sell it later when you don’t want it. But rent won’t give you anything. In the 30 prior years, from 1969 to 1999, the average appreciation for homes exceeded the inflation rate by a little more than 1 percentage point. Compare that to stocks, which bested inflation by 7 percentage points in the same period.

2. Your own place: You get to roam around and you got the backyard to take care off. You can start gardening and have garage to work on.

3. You are not wasting money that way: all the housing payments will eventually pay off and eventually you won’t have any monthly payments to make.

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