Homeownership is a goal for many Americans, young adults in particular. It is widely believed that residential real estate is a good long-term investment. However, there are numerous factors to consider before purchasing a home.
Cost: Homeownership is a big commitment, and many people take on mortgages they cannot afford. Often, while trying to make the numbers work for a purchase, additional costs like maintenance and property taxes are minimized or forgotten entirely. Alternatively, choosing to rent a home rather thanRead More