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Part of what has gotten the economy into such a mess is the belief that everyone should be a homeowner. Everyone from the government, to the mortgage brokers, to the banks, to the realtors and the homebuilders thinks that everyone in this country has the “right” and “duty” to own their own home. “It’s the [...]
You’ve already heard that owning a home can be a great way to build wealth and financial security and that there’s this mysterious thing called “pride of ownership” that makes it enjoyable to mow your lawn even when it’s 100 degrees outside. But the seemingly small benefits of living in a house that’s all yours [...]
As my father says, “When you own a home, there is always something to do.” I might add that there is always something to spend money on too. In fact, when money is tight, it’s often home maintenance that suffers. Most people have at least half their wealth tied up in their home. Some of [...]
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