Home Ownership
Homeownership has many advantages: building equity, tax deductions and the security of knowing you own your own home. Owning a home is the American Dream!
While it may seem that housing costs are simply too high for many people, sometimes it's an even greater risk not to buy. The same house that you can purchase today may cost you much more in the future due to inflation and rising housing costs. Please see our section on area home prices to see the current prices of homes in our region.
Looking to the future, in order to retire, you'll need to build up enough in savings and investments to generate yearly income of 70% of your pre-retirement income a tall order without the capital you can acquire though home ownership.
To the side, you'll see some other information you can use to help you prepare for making a purchase.