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Buying a Home: The American Dream?

Posted by Perfect House Team on Friday, July 21st, 2017 at 8:35pm.

According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. 

84% of Americans Believe Buying a Home is a Good Financial Decision | MyKCM

Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision:

  1. Homeownership means the money you spend on housing goes towards building equity, rather than to a landlord
  2. Homeownership creates the opportunity to pay off a mortgage and own your home by the time you retire
  3. Homeownership is an investment opportunity that builds long-term wealth and increases net worth
  4. Homeownership means a stable and predictable monthly mortgage payment
  5. Homeownership allows for various deductions on federal, state, and local income taxes

The survey also revealed that the majority of Americans strongly agree that homeownership helps create safe, secure, and stable environments.

Bottom Line

Homeownership has always been and still is a crucial part of the American Dream.

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What do you think? Does your dream for the future, the American Dream for you, include owning a home?

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(Content provided by KCM)
 

The Perfect House Team

The Perfect House Team

Call or text us at: 757-335-6111

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