Home buying has earned a bad rap in recent years: The subprime mortgage crisis and ensuing economic meltdown left many homeowners underwater,
unable to pay their mortgage and even facing foreclosure. Homeownership rates fell throughout the recession and got down to about 65 percent, compared with almost 70 percent before the recession, according to the Census Bureau. While record low interest rates helped entice home buyers, the bureau reports that the homeownership rate remains relatively low. If you're among those struggling to decide whether to buy versus rent, consider these reasons to take the plunge into homeownership:
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