In today’s world, most of us tend to look at our homes as our main investment, or the source of our retirement income, which is a far cry from how people viewed home-ownership just a few short decades ago.
In fact, I’ve heard estimates that 70% of Americans’ net worth is derived from their homes’ equity, but is that really the only reason to own a home?
I recently read a very interesting article in the Wall Street Journal, which outlined one homeowner’s recount of his homes and it struck a chord with me. By his account, he derived far more than simple equity from owning his own home, and he hit on some points that I think many of us overlook in our quest for ‘wealth.
While you're here, don't miss these posts:
- Edmond Home Buyers – Better to Rent or Buy? Yep, it’s pretty much an age-old question that’s asked all the time. Why should I buy a home instead of renting? After several years in...
- Adventures in Home-Ownership As you’re reading this I’ve been in my new house somewhere in the neighborhood of six weeks, and well, the honeymoon is over. I’ve made...
- How to Get the 2009 First-Time Home Buyer Tax Credit These days we do a lot of talking about the Federal Home Buyer’s Tax Credit, mostly because the clock is ticking and, believe me, this...








