Is Homeownership Still Worth It?

The Real Story…

News and commentary about the real estate market and related topics.

Dave Parrish, ABR ®, CRSA, CSP, GRI, ePRO ®, REALTOR ® RealtySouth

The opinions expressed here are my own and don’t necessarily represent those of HomeServices South.

Is Homeownership Still Worth It?

I was in the dentist office first of the week and while waiting to be seen, I spotted in the magazine rack across the room a weekly news magazine with the headline… “Rethinking Home Ownership: Why owning a home may no longer make economic sense.”

You know I had to pick that one up and read! Always interested in hearing an opposing view!

So where to begin… First the arguments posed against home ownership:

• Stock Market averages a better return over time than an equal investment in the housing market.
• Buying a house is really just renting.
• Today’s generation is nomadic, owning a home is for many just an unwanted anchor.
• If you can’t sell it, it’s not an investment.

In fear of going way too long here, I’ll try to be succinct and to the point.

First a confession, not only as a Realtor ® but as a homeowner who has benefited from homeownership multiple times, I am biased here. My experience in both the stock market and the housing market yells out… What we see here is a collection of half-truths.

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