Why go through all the stress and hassle of buying a home, why not keep renting? There’s an old saying: You are going to be paying someone’s mortgage – either your own or the landlord’s.
There are three basic reasons to get shopping for your home today:
- Building equity: For most Americans, it is a forced savings account and the single biggest asset most people will ever own.
- Tax benefits: The mortgage interest deduction is a great write off. Often, consumers will take on a second loan to accomplish a financial goal – and write off the interest on that as well.
- Appreciation: Over the LONG TERM, homes have steadily increased in value. Have there been down turns – absolutely! However, for January 2016 to January 2017, Thurston County experienced an almost 10% increase.