Owning a home is the best investment you can make. If you don't own the residence you reside in then you are renting. When you rent, you are paying the owner money so that you can live in the home. The rent you pay probably is paying the mortgage on the home, so why should you help someone else establish themselves financially? If you owned the home, then you could be paying the mortgage on the home, estblishing credit equity for yourself.
Also, owning a home gives you tax breaks on the interest you pay on your mortgage during the year. Houses are great investments because in the long term, the value of the home will always go up. Another neat tidbit is that a law passed in 1997 may allow you to avoid paying capital gains tax on your home if you sell it.
Now houses aren't all profit. Be sure to have a prospective house inspected because unlike renting, you'll be responsible for all fixes that need to be done in the house. If you treat your home with respect, your investment will pay off!
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