It is often assumed that those who "own" their home are better off than those who rent. There is indeed some truth to this, both in terms of bricks and mortar stability as well as from a long term, purely financial standpoint. Of course this is assuming that the market is in your favor at the time of buying and/or selling and that no major losses occur over the period of home ownership, such as an unexpected loss of income, unexpected significant costs associated with owning a home, or dramatic changes in the economy, such as high interest rates for example, as experienced in the 1980's le...
More..Shannon Caldwell
Member since: August 2007
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