BRICKS BEAT PAPER!Yes, there’s been trouble in real estate paradise, and no matter the causes, the dramatic results have been experienced across the country.Â Before assuming that housing is a risky investment, please understand that owning a home offers countless advantages over stocks and other securities.
First, home ownership lets you put in a little money and get the whole house.Â Money in stocks only buys a very small piece of the company.Â
You also benefit because the government “bribes” you into buying a home by offering scores of tax write-offs, like mortgage interest, property taxes, depreciation – you may even avoid capital gains taxes.
As homeowner, youâ€™re also the sole shareholder!Â YOU control what to buy and what to pay.Â YOU choose how to increase value through improvements.Â Try to exercise that kind of power at a company shareholders meeting of thousands!
Stocks incur risk because they may become worthless.Â Thatâ€™s extremely unlikely with your home.Â Even in the worst periods, homes retain most of their value.Â Fluctuations over a couple years eventually balance.Â What you haven’t heard widely reported is that housing lost value in only ONE year out of the last thirty-five.
But the undeniable advantage of a home over a stock certificate?Â Quite simply, you can’t live, dream, raise a family, and feel secure with only a piece of paper over your heads!
Bennington VT, Buying, Selling