yucaipa rentals: Why You Should Stop Renting & Buy Today!
- 09/17/15 05:58 AM
There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. Housing Cost & Net WorthWhether you rent or buy, you have a monthly housing cost.
As a buyer, you are paying YOUR mortgage. Every mortgage payment is a form of what Harvard University’s Joint Center for Housing Studies calls “forced savings.” “Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.” The principal portion of your mortgage payment helps build your net worth through building the … (0 comments)
yucaipa rentals: When is it a Good Time to Rent? Definitely NOT Now!
- 08/17/15 05:40 AM
People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau just released their second quarter median rent numbers. Here is a graph showing rent increases from 1988 until today: At the same time, a report by Axiometrics revealed: “The national apartment market’s annual effective rent growth rate of 5.1% in June 2015 represented a 47-month high, and continued a streak of 5.0%-plus rent growth that is now the longest in at least six years, … (0 comments)
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