THE DAVISVILLE & LEASIDE INSIDER

THE DAVISVILLE & LEASIDE INSIDER

Friday, May 13, 2011

Home ownership isn't for everyone...

The following excerpt is from Chapter 11 of Vesna Milevska's book Financial Hacks.

Buying a home is one of the biggest financial and emotional decisions you will ever make. You must prepare yourself to make a knowledgeable decision and be comfortable with what homeownership involves......

Before you buy a home have an idea of the advantages and disadvantages of being a homeowner because a significant portion of cash is removed from your monthly income and you will be required to make certain sacrifices.....

One of the main advantages to being a homeowner is financial security—your home will provide you some financial security from capital appreciation if housing prices are rising. For much of the last fifty years in most Canadian housing markets, prices have been rising. However, there are no guarantees in life!

Source: Globe And Mail
Vesna Milevska / Special to Globe and Mail Update
Published Friday, May. 13, 2011 6:16AM EDT
Last updated Friday, May. 13, 2011 7:59AM EDT


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