Owning a Home Has Distinct Financial Benefits Over Renting
Posted by Taylor DeMaio on Friday, June 25, 2021 at 10:46 AM
By Taylor DeMaio / June 25, 2021
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- When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation.
- On the other hand, when you own your home, you build your own wealth, your monthly payment is locked in, and you benefit directly from home price appreciation.
- If you’re feeling the challenges of a competitive market, remember that homeownership is a long-term game. Persevering today will lead to financial rewards in the future.
Let’s chat if you’re thinking about buying, selling, or investing.
Taylor DeMaio
949.478.2629
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