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by twblalock
1463 days ago
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Some non-investment reasons: stability, locking in your cost of living for many years, the ability to remodel your home to make it look the way you want it to, and no risk of being forced to move because the home you live in gets sold and the buyer wants to live in it themselves. In Japan, houses generally depreciate over time, yet the home ownership rate is still 60% because the other benefits of home ownership are so attractive. If you know you want to live in a particular area for a long time, and you can afford it, home ownership is usually an attractive move. |
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