Think of it as savings with growth in value. As you build up equity, the value of the property goes up and therefore equity. I don't know if you are talking about paying down your mortgage, but you may want to talk to your accountant about that
The fact of the matter is that the easiest and best way to start accumulating wealth in America is to own your own home to live in. Statistically it is the safest and best investment a person can make.
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783