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Buying a Home in 2011 is a Good Idea

Minneapolis, MN: As we enter the traditional spring home buying market, many people are trying to decide if owning a home is better than renting. Renting may be preferable for some folks… but there’s a reason 68% of Americans choose home ownership over rent.

Here are several very good reasons to own:

• Mortgage interest and property tax deductions
• Appreciation
• Amazingly low mortgage interest rates
• Home Affordability is at an all time high.
• Ability to decorate, remodel, modify or enlarge the structure
• Build up of equity and ability to borrow against that equity
• Capital gains exclusions (up to $500K for a married couple)

Use this online “Rent vs Buy” calculator – it’s Free!