Does purchasing a home always beat renting? - 2004-01-23
President Bush’s 2003 tax cuts did more than return some money into people’s wallets. For lots of folks, it also reduced -- and in some cases, eliminated -- the tax benefit they got from owning a home.
First, most mortgages require you to pay down your balance over time, creating a form of “forced savings.” Even if your home never appreciates at all, you gradually build up more equity over time with your payments.
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