(This is Part 5 of an eight-part series. Read Part 1, Part 2, Part 3, Part 4, Part 6, Part 7 and Part 8.) "Why buy real estate in a flat market?" That is the essence of a question my airline seatmate asked me after he learned I invest in and write about real estate. But rather than answer his question directly, I asked him, "Do you own your home?" Purchase Bob Bruss reports online. "Of course," he replied. Then I followed up by asking him the benefits of owning his home. As I recall, he listed security, pride of ownership, tax savings, market-value appreciation, building equity, investment safety, no rent increases, and perhaps a few I forgot. My seatmate then asked me if I thought he and his wife should sell a rental house they own in Arizona. They seem to be having problems keeping ...
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