Homeownership is at the heart of what we commonly refer to as the ‘American Dream’. And while renting may seem like the sensible decision in the short term; a study completed by Eric Belsky- the Managing Director of the Joint Center of Housing Studies at Harvard University- delves into how and why, buying can provide substantial financial benefits.

The highlights of the top 5 reasons to buy are listed below; to read a more detailed breakdown of each, click the link here.

  1. Housing is typically the one leveraged investment available
  2. You’re paying for housing whether you own or rent
  3. Owning is usually a form of “forced savings”
  4. There are substantial tax benefits to owning
  5. Owning is a hedge against inflation