Home Ownership is the American Dream:

Unlocking Your Best Move!

There are so many factors to take into account before making this most important financial decision. Today is full of so much data. We are simply going to list the data with their sources for you to use.

Home Ownership has always been a sacred American right of passage.

1. FRED data (Federal Reserve Economic Data)

2. 1. https://fred.stlouisfed.org/series/MSPUS

   2. 89% increase since Q42009

   3. Almost double in 15 years

   4. It had taken 20 years to double before

3. Interest rates have not been as big a factor as you might think

4. 1. In 1988 they were about 10%

   2. https://fred.stlouisfed.org/series/MORTGAGE30US

   3. 6% now for a 30 year mortgage

• Rental Rates have stayed relatively steady for the same period with a few spikes.

  
  

• Topic Introduction - There are more than just financial elements to the decision

• • Home owners have 40 times the Net Worth of people who do not own a home!

  
  

  
  

  Reasons to Invest in your own home

  • Because you build equity, you build wealth….over time.

    Stability - home ownership

    1. Ownership lays the foundation for a community.

    2. Families who move less often have a better opportunity for long standing relationships.

    3. One exception is military families who develop strong bonds within their deployments and may not settle down for many years

    Emotional Benefits

    1. The ability to control your environment leads to an inner sense of security

    2. Sense of accomplishment

       You can work on your home and improve it, or just give it your personality.

• Tax deductions and comparative data regarding home ownership offers several tax advantages in the U.S., which can help offset costs and make it financially attractive. Here are some key benefits, supported by data and current regulations:

  
  

  1. Mortgage Interest Deduction

  2. Property Tax Deduction

  • How It Works: Property taxes on a primary residence can be deducted from federal taxable income, within limits.

  3. Capital Gains Exclusion

  4. Potential for Wealth Building

  5. Tax-Free Use of Home Equity Loans

  
  

• Reasons to rents

• 1. 1. Renting makes sense if you will not be staying for more that 4 years

     2. Know the type of renter you are.

     3. 1. If you can prioritize your budget, overtime you will be better off buying.

        2. If you prefer the flexibility to move often, renting is a better option.

        3. If you are new to the area, and cannot find a good realtor to help you understand the neighborhoods, rent until you can figure it out.

        4. If the idea of maintenance and home repairs is repulsive, stay in that rental and let the landlord handle it.

  
  

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