Well, just choose which way that you want to follow.

Many people who understand will prepare for changes. Some don’t and think everything will be fine after all. But things don’t always goes as smoothly as we think. When changes occur, some accepted it and move on. But some will stay on same spot, hopping that things will be fine again.

As time goes by, people who move along with changes, gradually adapting to a new situation. Those who never move along, they will never show any progress and live anxiously as they are running out of stuff they need like money or food etc. Slowly those who understood importance of moving on, begin to walk into darkness in search for sunshine.

Move on with changes and you’ll live happier. There’s no situation where no changes will occur. When time passes by, more and more changes will keep coming into your life.

If you know of anyone who is lost or stuck, be their leader and guide them towards sunshine path.

6. Once in a Lifetime Exclusion. Upon sale of a personal residence, IRS allows an exemption and one does not have to pay taxes on a gain of $250,000, if single and up to a gain of $500,000, if married. For example, if you’re single and buy a property and live there for five years and property appreciates by $250,000, you can sell property and not pay any taxes at all.

7. Principal Accumulation. This is strongly tied to appreciation in property value. Payments made toward mortgage payment help you accumulate principal which essentially helps you establish a reserve savings account which you can later tap into by obtaining an equity line of credit or getting an equity loan, if needed.

8. Pride in Your Home. It is fun to invite people to “your” home and feel good about it. It also instills confidence in your family, your children and makes them more confident individuals.

9. No Landlord. You are in-charge and do not have to deal with a landlord who might not make repairs or maintain property as you would like.

10. Leverage. Where else can you buy this size of an investment with 0-5-10% down. You can buy a property for a personal residence for as low as zero down or an investment property with 5-10% down, if your credit is good, and watch investment grow. This, in turn, allows net investment return to be much higher (than actual appreciation rate on value of property). To follow up on example earlier, if property grows at 7% and doubles in value, since amount invested in buying property might be only $50,000 (at 10% down payment), actual return is much higher on $50,000 investment.

11. The Real Cost of Renting! At $700 per month, with a 6% rental increase per year, you will pay $110,719 over a 10 year period. If rent is higher, you can count on paying much more and not getting any return or tax benefits at all.