Avoiding the Rental Trap
Posted by Larry Tollen on
Avoiding the Rental Trap
Are you considering buying, but are wary of the market fluctuations, or are you a first-time buyer who is unsure of your investment future by buying in 2023 versus 2024? One of the biggest misconceptions and biggest miscommunications in market updates and real estate news is regarding renting vs home owning. Even with mortgage rates increasing if you're going to be living in one area for a minimum of 4-5 years; it is almost always better to own a home versus getting stuck renting. Let's explain why it is always better to own a home rather than rent.
Rising Rents
Over the past three decades, rents have consistently risen. Where rents are rising and continue to rise, it becomes harder to save for the recommended for a…
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