New Rockford Transcript - Official Newspaper of Eddy County since 1883

Buy a home! You'll benefit - but be miserable

 

July 8, 2019



Why do I want more Americans to buy homes? Because misery loves company.

The Wall Street Journal reports most American renters believe homeownership is financially out of their reach - only 24 percent say it's "extremely likely that they would ever own a home, 11 percentage points lower than four years ago," according to a Freddie Mac survey - and that isn't good for our country.

Look, homeownership brings many benefits.

For starters, homeowners' net worth is higher than renters' - for the simple reason that mortgage payments, unlike rent payments, eventually build thousands of dollars in e...



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