We already know many of the reasons it makes sense to stop renting and to buy a home: To have a hedge against inflation and to fix your housing costs for years to come To stop paying your landlord's mortgage To take advantage of tax benefits To build wealth long-term To have control over the space you live in Owning a home remains a cornerstone of the American Dream As if these reasons aren't enough, ApartmentList.com's recent Charlotte Rent Report ranked Charlotte #10 for the Fastest Increases in Rents … (22 comments)
Is it time to buy your Charlotte metro area home and stop renting and paying your landlord's mortgage instead of your own? Is it time to consider how much less expensive it could be to buy versus renting when you see how much of your income goes to rent versus how much goes to paying a mortgage? The answer was YES in January, February, March, April, and May... and the answer was still YES in June!
The Cost of Renting Versus Buying A Home
Additional Benefits Of Owning A Home Vs. Renting And then there are the other benefits … (36 comments)
Is it time to buy your Charlotte metro area home and stop renting and paying your landlord's mortgage instead of your own? Is it time to consider how much less expensive it could be to buy versus renting when you see how much of your income goes to rent versus how much goes to paying a mortgage? The answer was YES in January, February, March, and April... and it's still YES in May!
Cost of Renting Vs. Buying The graph below which shows that, on average, renting "eats up" almost twice as much of your income as … (20 comments)
rental rates keep increasing in charlotte: Time To Stop Renting In The Charlotte, NC Area And Buy A Home? Yes!
- 03/25/18 10:14 AM
Is it time to buy your Charlotte metro area home and stop renting and paying your landlord's mortgage instead of your own? Is it time to consider how much less expensive it could be to buy versus renting when you see how much of your income goes to rent versus how much goes to paying a mortgage? The graph below which shows that, on average, renting "eats up" almost twice as much of your income as owning does, is an eye opener for anyone renting these days.
And we haven't even mentioned the other benefits of owning a home -- such as building net worth … (16 comments)
rental rates keep increasing in charlotte: Is It Time To Buy Your Charlotte, NC Area Home And Stop Renting?
- 02/18/17 05:37 AM
Have you wondered if it's time to buy your Charlotte metro area home and to stop renting and paying your landlord's mortgage instead of your own? And have you given any thought to how much less expensive it could be to buy versus renting when you consider how much of your income goes to rent versus how much to paying a mortgage? Take a look at the graph below, which shows that, on average, renting "eats up" twice as much of your income as owning does.
Also noteworthy is ATTOM Data Solutions’ 2017 Rental Affordability Report, which showed that “making monthly house payments on … (20 comments)
The two charts below show why it just might be a good time to think about buying a home. The first chart shows how much more income is needed today to afford a median priced home versus renting a median priced rental property. It's getting less expensive to own and more expensive to rent. While historically the difference between renting and buying … (23 comments)
Buying a home is 23% cheaper than renting for millenials. The top places where you can buy a home much more cheaply than renting are Texas, Florida and Louisiana so long as you plan to live in the home for at least 5 years and are putting down less than 10%. Nationally, interest rates would … (38 comments)
Rental rates continue to increase in the Charlotte metro area, while the number of available rental properties decrease. (With a strong housing market in Charlotte, home owners no longer need to rent their homes while waiting for the market to stabilize and home prices to increase.) Year-to-date, rent rates in the Charlotte area have increased 7.8%, while the number of properties rented have decreased by 3.4%, as compared with the same time frame one year ago.
In November 2015, the number active rentals in … (18 comments)
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