Brett Arends wrote THIS PIECE in the WSJ today in which he provided 10 reasons why buying a home makes sense. It’s worth of checking out, here’s a summary:
1) It’s a buyer’s market so buyer’s can get a great deal
2) Mortgage rates are cheap
3) Tax benefits of homeownership
4) When you own a home you can do whatever you want to it
5) It’s typically hard to rent in the best locations
6) Owning real estate offers inflation protection
7) Home Equity is traditionally not as volatile as stocks
8) Having a mortgage offers forced savings
9) There are a lot of different homes on the market so you should be able to find something that works
10) Sooner or later the housing market will return