|
Some
people
are
just
lousy
at
saving
money,
and
a
house
is
an
automatic
savings
account.
You
accumulate
savings
in
two
ways.
Every
month,
a
portion
of
your
payment
goes
toward
the
principal.
Admittedly,
in
the
early
years
of
the
mortgage,
this
is
not
much.
Over
time,
however,
it
accelerates.
Second,
your
home
appreciates.
Average
appreciation
on
a
home
is
approximately
five
percent,
though
it
will
vary
from
year
to
year,
and
in
some
years
may
even
depreciate..
Over
time,
history
has
shown
that
owning
a
home
is
one
of
the
very
best
financial
investments. |
