Monday, July 19, 2021

The American Dream - Home ownership

 Let's start where? Home - "Home is where the heart is.", said thousands of years ago by Gaius Plinius Secundus.  Yes home is where it starts. Be it owned by someone called a landlord or your parents.  It's the building that can keep you safe, educate you and even make you rich.

The United States Housing and Urban Development (https://www.hud.gov/topics/buying_a_home) walks you through steps to become a homeowner, but what does it truly mean to be a home owner and how many way can you become one? 

1. Inheritance - this one is pretty straight forward - someone leaves you a house (in their will) when they die.

2. Purchase - There is more than one reason to do so.

    A. To live in as your primary residence

    B. Purchase as an investment

We'll talk about inheritance in the next post.


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