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Home ownership, home value, and what it feels like to own your own home as an investment.

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Homeownership, home value, and what it feels like to own your own home as an investment.
There are not many investments that a bank will lend on, but homeownership is one they feel is a good one, and it’s the easiest way to borrow money and invest if you follow the rules. Everybody needs a nest; you have to have somewhere to live; it’s an investment. When you buy a home, it’s more than just having a roof over your head; it’s a pride of ownership; its a wealth builder; its a place to meet with family and create memories.
I’ve built my wealth through Real Estate. I own 18 units myself and am included in 2 119 A Class multi-family. I have three property managers and 1 Airbnb, and I sell real estate full-time. You can own real estate with minimal work hours while working full-time or traveling.
 
Home Value = what price a buyer is willing to pay and the price a seller is willing to accept.
 How to Increase Your Family Wealth by Paying for Housing

Everyone should realize that unless you live somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying provides a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth.

Every month you pay your mortgage, you pay off a portion of the debt you took to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases, you also gain home equity.

Every quarter, Pulsenomics surveys a nationwide panel of over 100 economists, real estate experts, and investment and market strategists. It asks them to project how residential home prices will appreciate over the next five years for their Home Price Expectation Survey (HPES).

The latest data from their Q4 2018 Survey revealed that home prices are expected to round out the year 5.8% higher than they were in January. For the next five years, home values will appreciate by an average of nearly 3% a year.

This is still great news for homeowners!

For example, let’s assume a young couple purchases a $250,000 home in January. Simply through their home appreciating, those homeowners can build their home equity by nearly $40,000 over the next five years.

Let’s look at the potential equity gained over the same period of time at some higher price points:

How to Simply Increase Your Family Wealth by Paying for Housing | Simplifying the Market

In many cases, home equity is a large portion of a family’s overall net worth.

87% of homeowners that held their properties 7-10 years had a positive housing equity gain since 1989.

Click the Blog the below to learn more.

87% of home owners who held their properties for 7-10 years had a positive housing equity gain since 1989.

What it feels like to own real estate:

“As homeowners discover, living in an owned home feels different from living in a rented home. It’s not just that an owner can personalize It’s a space; it touches a chord even more fundamental than that.

Homeownership enhances the longing for self-determination at the heart of the American Dream. First-time homeowners, young or old, radiate not only pride but also a sense of arrival, a sense of being where they belong. It cannot be duplicated by owning a 99-year lease.”

“The American Dream Of Homeownership Is Still Very Much Alive”

Bottom Line

If your plan for 2023 include” entering the housing market to purchase a home, whether it’s your first or your fifth, let’s get together to make your plan a reality.

Jay Bru

480-466-4917

jay@jaybrugroup.com

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