Freedom - own Your Home
Investing in your own home. I have rented most of my married life. Now I am in my own home as most of you know as you have been reading about our 2 week close on our mortgage.
Fixing things in your own home is so much better than fixing up someone else’s home. If we gain 4 - 5% a year in our home, this isn’t the best return but buckled with the tax benefits, it is much better than renting and gaining nothing.
It feel great to own a home.
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[...] your own home and the small benefits of the 4 - 5 % or more you make when owning your own home. Owning Your Home spells Freedom Investing in your own home. I have rented most of my married life. Now I am in my own home as most [...]
Hey Jake,
Congratulations on your new mortgage.
There is nothing like owning your own home.
We have been home owners for close to 30 years now.
Everytime, we sell our house, we move up a little higher.
The best part is there is no capital gain here in Canada if it is your main residence.
Enjoy your new home with your family.
Marie
not sure where you are living now, but rent is lower than monthly mortgage payments almost all over the US. Your house is not an asset, its a liability as it does not generate cash flow or minimally break even.