OKC Real Estate Market

[bison34]

With home ownership, you don't reap the rewards until you sell. Until then, you are 100% responsible for all repairs and maintenance, and most of those won't improve the value of the house.

So sure, you can benefit from owning, but unless you rent out your house, it's a liability, not a true, cash-earning asset.

[Pete]

You can get a very low-interest loan against your equity at any time.

In fact, you can take out almost all the down payment you put in.

You can also use your house as collateral for other loans. It's a true asset and you absolutely do not need to sell it to access the equity.