2007-02-01 05:02:56 · 2 answers · asked by negoshable 1 in Business & Finance ➔ Taxes ➔ United States
Absolutely. There are a lot of reasons to invest in real estate besides the tax benefits. (By this, I assume you mean the mortgage interest deduction, but there are other benefits for business RE investors - depreciation, eg).
Consider the fact that if you own your home (and pay your mortgage) nobody can surprise you with higher rent, nobody can sell the property out from underneath you, you can paint/remodel/plant/etc without asking a landlord permission... in short, it's YOURS, and outside of laws to the contrary, you can do whatever you want with it. This is a huge benefit over renting!
Also, real estate generally appreciates in value over time, so the benefit of investment growth is there, which you won't get from renting.
2007-02-01 05:13:01 · answer #1 · answered by maxinestringbean 2 · 0⤊ 0⤋
I would say yes, because of the promise of appreciation in equity.
2007-02-01 13:10:06 · answer #2 · answered by trer 3 · 0⤊ 0⤋