You pay rent for either a shoe box of an apartment, or an apartment in a pretty low income part of town. You have neighbors that stomp their feet on the floor above you, or their children are screaming and crying next door. All of your rent money is pretty much gone to waste, since the only return you get from it is a place to sleep and store your stuff.
What do I get for home ownership on the good side of town?
-Low crime
-Good roads
-Cops that aren't assholes
-Clean, new stores and restaurants
-Property value that is going up.
-A quiet neighborhood
The other benefits are:
-Federal tax deductions for property tax and home ownership
-Property that I can either rent out, or sell at a possible profit in the future
-Improved credit rating that will also help to get lower interest rates on loans and credit cards.
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