rent vs own: Why Rent When You Can Own?
- 03/28/18 12:31 PM
The average cost of an apartment in Richmond as of February 2018 was $1171 a month, a 6.5% increase from 2017, according to RentJungle. With the average rent in the Richmond area rising, many renters are looking towards owning their own home instead. It can be a daunting idea at first, but there are many advantages of home ownership. The most obvious perks of owning a home are the monetary benefits. Real estate is an investment in yourself. Each time you pay your mortgage payments, you are earning equity in your home. Equity is the difference between the market value of your … (0 comments)
rent vs own: Millennials Trying to Escape Rat Race Find Themselves in a Rent Trap
- 08/27/15 01:09 AM
The national rent average has steadily increased with demand and not just in U.S. major cities. These increases aren’t in pace with the average renters’ incomes, meaning that a higher percentage of their income is allotted to housing. In addition to this financial pressure, there are more renters today than there have been in previous decades and they rent for longer on average. This is due to a variety of reasons, mainly changing priorities among millennials. Less desire to marry young, being more career-focused and less eager to put down roots are all trends among millennials. However, renting for longer at … (1 comments)
Updates on real estate market in Richmond, Virginia and surrounding counties such as Chesterfield, Bon Air, Chester, Midlothian, Hanover, Glen Allen, Henrico, Richmond, Virginia. Also thoughts on market changes in 2010, Information on housing for sale at Virginia Commonwealth University,
The average cost of an apartment in Richmond as of February 2018 was $1171 a month, a 6.5% increase from 2017, according to RentJungle. With the average rent in the Richmond area rising, many renters are looking towards owning their own home instead. It can be a daunting idea at first, but there are many advantages of home ownership. 
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