Is buying a home still a good long term investment for me and my family?
Buying a home allows you to build equity, both by paying down the mortgage and by the increase of the home’s value.
But is it a good investment, versus renting?
Let’s find out!
Buying a home is a great investment.
Paying down a mortgage is a form of "forced savings", building equity just by paying for your accommodation costs.
Also, the home itself appreciates in value over time, increasing equity based on the full value of the home, not just the part that you've already paid for.