People still dream about home ownership!!

People still dream about home ownership!!

Inability of getting mortgage loan is the topic of every social gathering.  However, 
there are other reasons a person buys a home and has nothing to do with money. 

These are the few reasons to buy a home:

	Owning a home:
	Means having a good place to call home and raise children and provide them with a good education
	Having a  physical structure where you and your family feel safe
	Having  more space for your family
	Control of what you do with your home (Upgrades, renovations or addition)
	The Home as an Investment

Though most people purchase a home for non-financial reasons, everyone realizes there is a money component to
homeownership. Buying a house is only partly an economic decision.  The value and satisfaction of owning a home 
is the value you get from living in it. Most people  believe that homeownership is a safe investment and it
has more potential as an investment.

With low rates buyer may be able to own a home for not much more than they're paying in rent.
For many the after-tax cost of a home loan could be less than the cost of rent. The reason is interest portion of
each mortgage payment may be tax-deductible. In most cases, property taxes are also deductible. Every one  should
consult a tax advisor for details.

The housing market conditions make a strong and compelling case for homeownership. With prices still well below the 
historic highs of just a few years ago and attractive mortgage rates, qualified buyers have a unique opportunity to 
own their own home. 

The dream few years ago  was to make money fast by flipping a home. However the idea of homeownership as the American
dream has changed since the housing boom.  A house is your home and shouldn't be viewed as an investment only.

Even in difficult economic times, Americans still realize the value of homeownership