August 13, 2014 8:09 am
Eric Belsky is Managing Director of the Joint Center of Housing Studies
at Harvard University
. He also currently serves on the editorial board of the Journal of Housing Research and Housing Policy Debate
. Last year, he released a paper on homeownership - The Dream Lives On: the Future of Homeownership in America
. In his paper, Belsky reveals five financial reasons people should consider buying a home.
August 12, 2014 7:57 am
There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s.
August 11, 2014 7:45 am
Many people suffered through the housing crisis. We realize that most of the heartache was the result of a housing and mortgage market gone wild. Many consumers were swept away by the waters of a frenzied real estate market that resulted in a crisis even the experts didn’t see coming.
August 7, 2014 1:00 pm
Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth.