Considering all the benefits of owning a hope, it’s shocking that so many people are still choosing to rent. Some are worried about the initial investment, others are still deciding where to buy their homes, but a good portion have been stupidly overreacting to the noise of a “bubble” in home prices.

The fact is there is no bubble especially in stable markets like France. Even if interest rates increase just a little, it isn’t significant enough to lead to a nationwide decrease in home prices.

As any real estate expert will tell you, employment and growth in economy and business are the key factors in sensing the direction of a real estate trend. Even if prices of homes increase, it won’t stop someone from buying a house he really wants—assuming he can afford it. But if people believe their job is in jeopardy, and are wary of making long term purchases, then they won’t invest.

Will all these factors it is much more likely that property prices will actually appreciate, as much as six to seven percent. But it all really depends on the area. Housing trends tend to vary from location to location. To know how the properties in France will fare, you can look at the employment in that area.

So there really won’t be a big bubble. There is no reason to dilly dally about buying a home, and in fact waiting things out too long will deprive you of many chances of getting a house at a good price. Putting off that home purchase could cost you a lot of money.

Buying a home is not only financially sensible, but it gives you a great deal more independence. You can do whatever you please to fix up a home: freshen up the paint, install new light fixtures or plant some nice flowers outside. If you rented a home, the improvement belongs to the landlord, not to you.

It’s also better to take out a mortgage now because of the wide number of loan packages, some of which ask for very affordable down payments (others require none at all!). And when your usual rent money goes to mortgage payments see how much you’ll save! Furthermore It’ll go not to your landlord but towards owning your own home.

Here’s an example. With a common thirty year fixed program, you could get a mortgage of $300,000. Monthly payments would be $2,200, which includes
including property taxes and insurance - of around. If you’re in 25% tax bracket, and receive tax benefits, this would be the same amount of money you’d spend on rent.

And there are advantages of home ownership, such as the chance of building home equity with each payment you make. After five years that $300,000 mortgage is brought down to $279,000, adding $21,000 to your net worth. Then your home will also increase in value. Even at a modest five percent per year, the same house would be worth $383,000 in five years. Minus your remaining mortgage of $279,000 and you have a whopping $104,000 of additional net worth!