Investment
Why buying a home is still worthwhile
From a perspective of investment, even outside of the current fall of the home buying due to the loan crisis in the credit markets, buying a home is still more worth your money.
It’s really as simple as common sense. Look at it from this example. If you are currently paying $600USD a month for rent, then equates to $7200USD annually. In three years, you basically have sunk $21,600USD into someone else’s property. If you calculate out putting a down payment of 20% on a house, then this means that you could afford a $108,000USD home.
Worst case scenario, your home decreases in value. Yet, you are still putting that money towards something so you actually own a percentage of your home instead of the green disappearing into oblivion.
It might sound obvious, but buying will always be more worthwhile based purely on the fact that ownership of something is greater than ownership of nothing.
The opinion above is that of the author and does not represent the opinions of 888 Society.
Photo Credit: (Mister Scratch)
Tags: U.S. Listed Chinese Stocks
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