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Are You Part of the American Dream? |
Security, privacy, freedom-the American Dream is to purchase a home. Ownership of property is the bastion of capitalism.
There is no doubt that owning a home is the goal of the average American today. Why? Is it the ability not to have a landlord? Is it the freedom to stay or move? There are many emotional benefits to home ownership. However, the cornerstones of our capitalistic society are financial in nature. The reason we all aspire to own real estate is simply this: we desire to accumulate wealth. Time and time again, we hear of riches built with a real estate foundation.
There are three basic economic reasons for purchasing a home:
Real estate is an investment-using the concept of leverage, we will learn exactly why real estate constantly outperforms other investment vehicles-even during periods of low inflation.
Real estate is a tax deduction-every year it seems that Congress opts to cut more and more tax breaks from the menu in the interests of tax simplification and preserving the progressive nature of the tax system. The mortgage interest deduction has suffered nicks and scratches but has emerged as the major survivor in the world of tax strategies. The elimination of other tax deductions has made mortgages all the more important in every aspect of one's tax planning process.
Real estate is an inflation hedge-it has been a few years since double digit inflation numbers have raised their ugly heads. Even in times of low inflation, monthly rents move upward much more quickly than a mortgage payment.
If you're asking yourself "how much of a home can I qualify for?", or "How much money will I save?", go to my web site at YourLoanHelp.com and use the Rent vs Buy Calculator under Featured Tools. It will provide an analysis made specially for you. It takes only a few seconds and costs you absolutely nothing. You can also obtain a Prequalification Analysis and there is also a Credit Grade calculator there. Please call me at (858) 571-4712 as questions arise.
To the American Dream!
Mike Post, MBA is a real estate loan specialist and buyers agent located in San Diego, CA. To get additional online assistance and information please go to YourLoanHelp.comAbout AuthorMike Post is a real estate loan specialist and buyers agent located in San Diego, CA.
Source: ArticleTrader.com
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