Originally posted by reedickyaluss
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Maybe you've heard the term "investment Real Estate" Real estate that generates income or is otherwise intended for investment purposes rather than as a primary residence. It is common for investors to own multiple pieces of real estate, one of which serves as a primary residence, while the others are used to generate rental income and profits through price appreciation. So yes a house can be an investment. Although an investment generally is something that generates income. Reed you might or might not know this but the biggest benefits to owning a home is tax breaks. The Internal Revenue Service lets homeowners deduct their mortgage interest, property taxes and some other expenses of home ownership. That can be ALOT of money saved.
The government is subsidizing your mortgage and property taxes.
Although your home is not generating income it’s saving you income as a tax break.
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