1. Tax Breaks: You can deduct the interest you pay on your mortgage, your property taxes, and some other costs involved in buying a home.
2. Appreciation: Real estate has long-term, stable growth in value.
3. Equity: Mortgage payments let you build equity ownership interest in your home.
4. Predictability: Your fixed-mortgage payments won't rise over the years so your housing costs will remain the same.
5. Freedom: It's all yours! You can do whatever you want to your own home!
6. Stability: Remaining in one neighborhood or community for several years gives you peace of mind and offers a stable family life.