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Hicoria Pines Homes, Inc.
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Why Home Ownership?

What is the difference between high-earners and people living in poverty?

Wealth vs Income

What is Income?

Money earned to pay expenses

What is Wealth?

The difference between assets (cash, savings, a home, a business) and debt.

How does owning a home help build wealth?

  • While mortgage payments remain the same, market prices tend to rise over time, creating valuable home equity that increases a family's net worth.
  • It is forced savings - as a mortgage is paid month-by-month, equity is built at the same time
  • As equity builds in a home, a homeowner can borrow against the equity for protection against a crisis, unexpected expenses, or dips in income.
  • Homes may be passed down to secure future generations
  • Homes increase in value over time (unlike a new car that loses 15% to 20% when you drive off the lot and continues to lose value).
  • Homes may be used as a guarantee to secure other funding
  • Homes can be sold even if there is still a mortgage due.
  • Renters pay the mortgages of the property owner, thereby building the wealth of others at their own expense.

What is Equity?

The longer you own a home, the more equity is built (the difference between the purchase price and/or the value of a home and the difference between the original mortgage and the balance owed).

Homeowners vs Renters?

A homeowner can sell a home as an asset. A renter cannot sell property rented from and owned by another person.

Other Advantages?

A child born into a wealthy family is six times more likely to become a wealthy adult and homeownership has long been a central part of this equation.

How does Homeownership Help?

In 2015, the average net worth of a homeowner was $195,400 compared to $5,400 for a renter.

Can't afford to buy a Home?

You can't afford NOT to buy a home. Prioritize the essentials. 1/3 of consumer purchases is on clothing, electronics, cars and jewelry which depreciate leaving the sales floor. Pay yourself or pay your Landlord!

How much will it cost?

Your loan payment to OWN your home is between $275 to $550 per month.


Address: 106 Washington St., Lake Placid, FL 33852

Email: info@hphomes.org

Office Phone:  (863) 318-7481 

Fax: (321) 599-2594

Toll-Free; (833) 524-3058

Copyright © 2020 Hicoria Pines Homes, Inc. - All Rights Reserved

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