Why You Want To Be A Homeowner Not A Renter On Superbowl Sunday

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

Infographic: 5 Reasons It's Good To Be A Homeowner On Superbowl Sunday 

 

It's Superbowl Sunday...watching the big game at your home with your friends and family can offer many advantages.

 

Homeowners Throw The Best Superbowl Parties

 

 

4 More Reasons It's Good To Be A Homeowner On Any Sunday, Not Just On Superbowl Sunday!

 

  1. High rental costs. The median cost of renting has risen steadily over the past 30 years. There is a long-standing rule that a household should not spend more than 28% of its income on housing expenses. With nearly half of renters (48%) surveyed already spending more than that, and with their rents likely to rise again… becoming a homeowner seems to make more sense than ever! The median cost of owning versus renting is well below the 28%.

    Cost of renting versus buying a home


  2. The networth of homeowners is higher than of renters long term. Being a homeowner can build sizeable wealth through appreciation, leverage, forced equity. Every three years, the Federal Reserve conducts a  Survey of Consumer Finances to collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.

    Recently, the Joint Center for Housing Studies at Harvard University focused on homeowners and renters over the age of 65. Their study revealed that the difference in net worth between homeowners and renters at this age group was actually 47.5 times greater!

    Net Worth of Homeowners Higher Than That Of Renters


  3. Real estate is the best long term investment. Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years! And all generations of Americans seem to agree.

    Homeownership best investment

  4. Mortgage affordability is better than ever. Historically, Americans paid just over 21% of their income toward their monthly mortgage payment. While home prices are higher than before, wages have also risen. And, the most important component in the cost equation – the mortgage rate – is dramatically lower than it was in the 1970s, 1980s, 1990s, and 2000s. According to the latest Home Affordability Index by the National Association of Realtors (NAR), Americans now pay 17.4% of their income toward their mortgage payment. That is much lower than the 21% average previous generations have paid. One could say that owning a home is a bargain today compared with years past.



Mortgage affordability greater than ever

 

 

If you're considering becoming a homeowner in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

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 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

Nina Hollander

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Residential Brokerage
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From Charlotte/Ballantyne/Waxhaw/Fort Mill
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

2007 - 2019 Charlotte Magazine 5-Star Customer Satisfaction Award Winner

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

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Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Gita Bantwal hi Gita... thank you. I wanted the post to be more "evergreen" than just focusing on Superbowl.

Feb 03, 2019 06:15 AM #7
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Grant Schneider hi Grant... I've only ever been to a Super Bowl party once... and no one was really watching the game! I only watch the game when it has a team I support (Giants, Panthers). Otherwise, I don't even bother watching!

Feb 03, 2019 06:16 AM #8
Rainmaker
5,385,646
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good advice to share. Home buyers will be in very good hands when they use your professional real estate services.

Feb 03, 2019 06:16 AM #9
Rainmaker
3,338,379
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning, Nina - and a pretty good idea for the other days of the year too! Partying and celebrating is one thing, building a future brings many rewards.  

Feb 03, 2019 06:49 AM #10
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Roy Kelley thanks, Roy. Owning a home is such a big part of the American Dream. I like to promote the concept of home ownership every chance that I get.

Feb 03, 2019 06:51 AM #11
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Michael Jacobs hi Michael... so many good reasons to be a homeowner... I had more but then figured it was time to stop writing.

Feb 03, 2019 06:52 AM #12
Rainmaker
3,610,397
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning again Nina. What a smsrt tie in to the day. Hope you enjoy yours.

Feb 03, 2019 07:03 AM #13
Rainmaker
2,020,715
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Hi Nina Hollander - Your blog post is Super packed with great ideas for a Super Ball Sunday! And there's a lot to think about here too. I especially like your paragraph on net worth. I think so many people get lost into comparing themselves to what others got and fail to focus on what their net worth is over time. Good job bringing it into focus!

Feb 03, 2019 07:08 AM #14
Rainmaker
3,982,614
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Many great reasons for owning and they are also good for anytime of the year

Feb 03, 2019 07:15 AM #15
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Sheila Anderson thanks, Sheila... I plan on having a very nice day but there won't be any Super Bowl related activities that make it so!

Feb 03, 2019 07:28 AM #16
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Patricia Feager, MBA, CRS, GRI,MRP hi Patricia... thank you for the nice comment. I have always found those statistics showing the difference in wealth between homeowners and renters simply astonishing. That alone should make everyone want to try to be a homeowner.

Feb 03, 2019 07:29 AM #17
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

William Feela good morning, William... you got that right! And being a homeowner is good for all sorts of entertaining... not just SuperBowl parties.

Feb 03, 2019 07:30 AM #18
Rainmaker
4,085,522
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Nina, bottom line, no matter what Sunday it is, it is better to be a homeowner! 

Feb 03, 2019 07:39 AM #19
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Joan Cox hi Joan... my sentiments exactly... and all the other days of the week work for me as well!

Feb 03, 2019 08:17 AM #20
Ambassador
1,853,951
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Creative tie-in again for another big event. It's always a good day to own a home, right?  We are not really excited about the game today, no dog in the fight, but we'll still have a bit of a festive celebration. I've avoided watching the commercials beforehand online. And, I'm and Adam Levine fan, so there you go. ;) 

Feb 03, 2019 09:01 AM #21
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Debb Janes EcoBroker and Bernie Stea JD thanks, Debb. There's a reason they say it's a big part of the American Dream... to own a home. Enjoy your Super Bowl festivities and the ads!

Feb 03, 2019 09:21 AM #22
Rainmaker
4,451,231
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina,

I am so delighted with your title...This is a good one, and I enjoyed your post.  We are not Super Bowl fans, will peak at the commercials.  A

Feb 03, 2019 09:21 AM #23
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Ron and Alexandra Seigel hi Alexandra... I never even look at the commercials on superbowl Sunday... even when I watch the game and I watch the game only when one of my two teams is playing... so there are long stretches of years when I miss it all completely. Some years back my two teams were playing each other... that was a tough one.

Feb 03, 2019 09:25 AM #24
Ambassador
3,804,073
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nina these all sound like excellent reasons to me to own a home instead of renting.

Feb 05, 2019 04:19 PM #25
Rainmaker
3,098,519
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

George Souto hi George... I was trying to use Superbowl Sunday as a way to get people to remember it's good to be a homeowner for lots of reasons.

Feb 06, 2019 03:46 AM #26
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