If you are wondering if buying a home in San Diego is a good investment, history shows that home ownership in California is a solid long-term investment. Over the past 42 years, home prices have risen steadily in California almost every year and as recent as 2012, they are back on the rise.
There are many reasons why home-buying shoulder be approached as a good long-term investment – but most importantly it provides both equity accumulation and tax benefits over time.
Homeownership is how many American families begin to accumulate wealth. According to data from the Federal Reserve Board, a homeowner’s net worth is 46 times that of a renter’s.
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