If you are looking at buying a home as an “investment,” I strongly suggest you reconsider. For most of us, a house possesses all the worst qualities of an investment: it is illiquid, highly leveraged (usually), and drastically reduces the diversification of your portfolio. The tax benefits aren’t always as good as they sound. And if you are one of the people who believe that housing prices will always continue to go up, I have one word for you: bubble.
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