If all the other reasons have not caused you to buy home, such as incredibly low prices and just as incredibly low interest rates, (who knows when that will change? I have actually heard of lenders raising rates because they have too much business??) To an excellent selection of homes to choose from then perhaps these reasons will help you decide.
I attended an economic meeting put on by a local building association. Their economist was actually quite fun to listen to as economists go. He did provide one segment of interesting information that I would like to share with you about the benefits of home ownership. He stated that the following things occur with home ownership:
1- There are less pregnancies (I believe/hope he was referring to our kids) when you own your home.
2- There is a decreased rate of incarceration when you own a home.
3- The school drop out rate decreases when you own a home.
4- There is an increase in the care and pride of a neighborhood when you own a home.
5- For our elected officials the amount of people who vote goes up with home ownership.
It makes sense to me dear reader. When you have a vested interest in something, time and/or money, you want to keep whatever it is you have and keep it in good shape. So go buy a home, meet your neighbors, set up a neighborhood committee, and work with your elected officials to make your neighborhood a better place to live.
Tags: Foreclosure, first time home buyers, Idaho Real Estate, Meridian real estate, Boise real estate, housing prices, renting vs buying a home, Rich Nesbit, weather, Hud Homes, REO, Bank Owned, Yo Meridian, short sales
