There are a lot of reasons why owning is better than renting, here are a few reasons comparing the cost of not owning a home:1- The Price is so CloseRenters are facing increases everyday. With
National Association Of Realtors ® Housing Pulse Survey
The National Association of Realtors (NAR) recently came out with their Housing Pulse Survey which stated two main reasons why American prefer home owning to renting:
they want the ability to build equity
they want a stable environment
Millionaire David Bach talks about buying homes rather than renting to create equity alongside a recent article by the Mortgage Reports. Both agree that buying and renting differ because when you buy, you’re putting together money every month to then have a home where as with renting, the money you put in every month gets you a place to stay until stop paying, at which time you leave with nothing.
A survey of property managers done by rent.com tells why renters shouldn’t feel they have a stable environment:
68% of property managers said that will rise in the next year as much as 8%.
53% of property managers said that they were more likely to bring in a new tenant at a higher rate rather than negotiate over a current lease.
Main Take-Away: home ownership isn’t only a good idea, it is a chance to build on your family’s assets and give you a stable environment.
Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....
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