Ideas Post

10 Good Reasons to buy a house

I own a house which I bought 22 years ago, and I inherited half a house which we rent out.

    1. having a place for your family to belong

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    2. you are free to paint it, renovate it and do whatever you like

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    3. it is an asset to borrow against

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    4. you become a member of a community

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    as opposed to moving around different places

    5. having a permanent address, and you don't need to update all your memberships

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    6. you also own a piece of land which you can use for various purposes

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    e.g. growing vegetables

    7. rents keep going up but mortgage payments don't

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    8. you have a place to live when you retire

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    as opposed to renting until you die

    9. You could also sell it to pay for your retirement

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    or leave it to your kids or a charity

    10. generally a sense of pride in owning a home

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