You are a financial advisor and one of your clients, Henry Money-Penny, just received his year-end bonus of $20,000. He is looking at adding some type of real estate investment to his financial plan and is thinking of purchasing his first home. You have talked to Henry many times about how a home is one of the largest purchases that he will make. Also, you have stressed to him that a home is something that can be included in his financial plan as a major asset.

Discuss some of the benefits and costs associated with owning a home, as well as how it fits into his personal financial plan. Give your thoughts or recommendations on Henry's real estate investment. What other investment vehicles can he consider?