The National Association of Realtors has some fun facts about homeownership on their website. They may inspire you to choose to buy a home instead of rent.
- · Over time, during most of the past 50 years, roughly two out of three households in the U.S. have been home owners; while one-third have been renters.
- · Buying a home creates pride of ownership and commitment to your community.
- · The government knows the benefits of homeownership and gives out tax incentives for homeowners through the Revenue Act of 1913
- · For each home purchased nearly $60,000 in direct and indirect spending occurs in the economy.
- · Housing and related activities account for more than 20% of GDP in the US.
- · Homeowners make better citizens, for the fact that they are more likely to participate in community enhancing activities and volunteer.
- · Today, home owners pay 80 to 90 percent of the income taxes in the U.S., and among those who claim the mortgage interest deduction, nearly two-thirds are middle-income earners.
- · Owning a home is a one of the best ways to build long-term wealth. Historically, a home owner’s net worth has ranged from 31 to 46 times that of a renter.
- · One job is generated for every two home sales
No comments:
Post a Comment