It’s no secret that the majority of the younger generations are renting for longer than their elder counterparts. With an abundance of student loan debt and soaring home prices, it’s no wonder why most people are turning to renting. However, as rent prices steadily increase, is it better to bite the bullet and invest in…
Tag: rent vs buy
The Rent Trap
If you are currently renting, you could get caught in the continuous cycle of increased rents, without realizing the long-term impact on your future ability to save for a down payment. Purchasing a for-sale home still remains highly affordable for buyers who are able to save for a down payment and capitalize on low mortgage…
RENTING VS BUYING
Owning your own home has often been referred to as the “American Dream”. Before the housing crisis began in 2007, it wasn’t even a question as to whether or not you should try to buy a home. The thought was…..If you could afford it, you should do it!! The housing crisis has definitely taken its…
Is now a good time to buy a home?
According to a report by JP Morgan thoroughly explained by KeepingCurrentMatters.com, now is the time to buy a home! Price-to -Income Ratio A measure of housing values is the ratio of income to home prices. “Since 1966, the median price of an existing single family home in the U.S. has varied between 150% and 251%…
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