RENTING IS MORE OR LESS

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

 

Are you thinking about renting or buying a home? If your answer is more or less you might want to ponder more on what you hope to gain or lose. Then decide what's more important to you. Is it more? Or is it less?

 

  • More rent to Landlords means less savings to Tenants
  • Less space to Tenants gives more wealth to Investors
  • More money spent on rent causes less money for Tenants
  • Less worry about mortgage payments more times credit for rent is pulled
  • More tenant restrictions give Landlord more freedom
  • Less privacy for Tenants more information for Landlords
  • More freedom for Landlords mean less retirement for Tenants
  • Less choice for Tenants equal more choices for Landlords
  • More rent increases mean less spending allowance to Tenants
  • Less room for Tenants entertainment more for Investors
  • More time doing laundry for Tenants less time for Landlord
  • Less Kitchen Cabinets mean Tenant spends more eating out
  • More Tenants in one unit less opportunity for peace and quiet

     

Money like the quality of life means different things to different people. When it comes to money, some have more and others have less. The human mind sees life as it appears to be. If you continuously spend more money than less is not more. But if you save more today and spend wisely, the outlook for your future can be brighter. In reality, it's a Tenant or a Landlord's destiny. Every human being must understand the workings of their own mind. Money spent or money saved can't buy happiness but it does have power. For further guidance on buying or renting, please let me know.

 

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Texas Law requires all license holders to provide the Information about Brokerage Services form to prospective clients.

Real Estate Commission Consumer Protection Notice  

 

 dfw fine properties

 

DFW FINE PROPERTIES

                                        2900 W Southlake Blvd, Suite 180
                                        Southlake, TX 76092
                                        Office: 817-748-4800/FAX: 817-748-4900

                                         Patricia Feager
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

CERTIFICATIONS

Certified Residential Specialist
Certified Pricing Strategies; Mastering the CMA
Certified Military Relocation Specialist
Certified Negotiation Expert
C
ertified RE Probate Specialist

"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

  

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Rainmaker
2,019,200
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Roy Kelley - Millenials wouldn't believe how expensive interest rates were in August - December 1979 and throughout the 80 and 90s. Interest rates didn't start coming down until 2003 and it was much harder to buy more with higher interest rates. 

Aug 07, 2019 07:56 AM #6
Ambassador
1,924,650
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Patricia Feager, MBA, CRS, GRI,MRP  I find many seniors do not want to buy anymore they want to rent. Then some get stuck with high increases in rent every year but do not care as they no longer want the responsibility of taking care of a house. I am sure you can help with great information 

Aug 07, 2019 11:28 AM #7
Ambassador
3,802,223
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia like Sheri Sperry - MCNE® said, I love your play on words in your examples.

Aug 07, 2019 12:38 PM #8
Rainmaker
2,019,200
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Hannah Williams - It is a crying shame what is happening to many seniors in their senior years. Here in my area, many seniors have requested senior living because they didn't want to leave Flower Mound. Developers came in droves to make proposals and some had community meetings listening to what Seniors wanted followed by presentations to get seniors to commit for dwellings that didn't exist. I have to say, Hannah, Boomers may be older but they are not dumb. The developer that got approved was going to build houses for more than what any senior could afford with no parking or elevators. Plus, it would have been built where there was nothing to walk to for restaurants, shopping, or entertainment.  Not a single senior swallowed the bait and none were built. 

Aug 07, 2019 01:16 PM #9
Rainmaker
2,019,200
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

George Souto - Thanks! I appreciate the warm and fuzzy feedback. It makes me feel good!

Aug 07, 2019 01:18 PM #10
Rainmaker
2,455,334
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Part of what caused the recent Real Estate crash was the fact that anyone could borrow money and purchase a home. This proved that the preference to own dominates based on how severe the crash was. The same thing that caused the 1929 market crash was anyone could purchase stock and pay for it later. That didn't work out either. Buy Real Estate if you can. Rent until then with eyes open for a break here or there while you save your money

Aug 07, 2019 02:22 PM #11
Rainmaker
2,019,200
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Richie Alan Naggar - I was in the business during the recent Real Estate crash in 2008. I am also a second-generation American and lived vicariously through my mother's stories about living through the Great Depression. Experiences and stories like that never go away. A good and honest Mortgage Lender like George Souto or Joe Petrowsky qualifies people to obtain residential or commercial loans. They don't get to qualify Tenants to rent. 

Go forth with eyes wide open and save money is a good way to live. 

Aug 07, 2019 02:35 PM #12
Rainmaker
175,778
John Henry
John Henry Masterworks Design International, Inc. - Orlando, FL
Residential Architect, Luxury Custom Home Design

Patricia, this is one that Michael Jacobs needs to ponder for a while and get back to us!  Great list of the pros and cons of renting vs. buying that has items you don't normally see in the argument.  Great piece!

Aug 07, 2019 04:35 PM #13
Rainmaker
2,019,200
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

John Henry - There is no doubt in my mind that Michael Jacobs, the Ponderer is pondering! 

Thanks for the comment. I'm glad to hear you liked my way of listing the pros and cons. I hope consumers will appreciate it too!

Aug 07, 2019 07:06 PM #14
Ambassador
3,315,170
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh, love the play on words and every statement is so accurate too, Patricia! 

It's definitely something that I think Michael would rock, pondering on!

Aug 07, 2019 10:18 PM #15
Rainmaker
3,814,962
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Patricia Feager, MBA, CRS, GRI,MRP ,

Congratulations on a well deserved featured post! I believe consumers will benefit from reading the pros and cons and call you for guidance in making a decision on what to do!                          

Aug 08, 2019 03:33 AM #16
Rainmaker
2,019,200
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Debe Maxwell, CRS - it makes me happy to know you liked my play on words!

Have a wonderful day. Can you believe, the weekend is nearly here and so is school!

Aug 08, 2019 08:25 AM #17
Rainmaker
2,019,200
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Dorie Dillard CRS GRI ABR - You're such a positive person and I consider you to be my Austin Cheerleader. I hope you know I'm yours from DFW & of course, Flower Mound!

Aug 08, 2019 08:26 AM #18
Ambassador
3,315,170
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

No, I can't! I'm hearing friends/neighbors having teacher meetings, school orientation ALREADY! I can't believe it - time does go by so quickly, Patricia!

Aug 08, 2019 08:30 AM #19
Rainmaker
2,019,200
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Debe Maxwell, CRS - With all the minutia that goes along with the first day of school, workshops, etc., I wish schools conducted webinars for school orientation, rules, explaining lessons plans, and cut out the expectation for the kids to be in the classroom to listen to boring speeches about what they can expect for the school year when all they want to do is go outside and play, swim when it's hot, or spend time with their friends. 

Right now, I can still remember slouching in my chair on the first day of school, with my elbow on the desk, hand on my forehead, finger near my eye, looking to the left outside the school window. After 30 seconds I was no longer listening to a boring or bubbling teacher.  

Aug 08, 2019 08:38 AM #20
Rainmaker
1,229,741
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

"Money spent or money saved can't buy happiness but it does have power."  

 

Such a well-stated truth, Patricia Feager, MBA, CRS, GRI,MRP ... one perfectly suited for today's society ...

Congrats on yet another wonderful Feature!

Gene

Aug 08, 2019 09:43 AM #21
Rainmaker
2,019,200
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi - Thank you, so much! It means a lot to know what others think in the most positive way!

 

Aug 08, 2019 10:54 AM #22
Rainer
253,235
Dinah Stallworth-Lewis
Priority Real Estate LLC - 800.978.4847 - Natchitoches, LA
NATCHITOCHES, LA HOMES FOR SALE

Good Morning Patricia,

Great blog and congratulations on the feature!  My thoughts ... I think it is better to buy a home, instead of renting an apartment, if it is at all possible.  When tenants rent they are investing in the owners property.   However, if they are in a position to buy and own their home, they are investing in their own future.  And,  it is cheaper to buy a majority of time, also.  Escpecially when you look to rent for an indefinite amount of time.  As Realtors, helping others to purchase a home is an awesome part of our job that helps them achieve that aspect of the american dream.  

Aug 10, 2019 05:34 AM #23
Rainmaker
2,019,200
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Good Morning Dinah Stallworth-Lewis - Thanks, for the congratulations!

I completely agree with you. I remember how scary it was to apply for a loan and start paying mortgage payments, taxes, and insurance. It was the greatest first step I ever made and I could never go back to renting. 

Helping others to attain their American dream is very rewarding and if we do it right, we get referrals or repeat clients. To me, that is the biggest and best compliment I can receive.

May you have a very nice day!

Aug 10, 2019 05:53 AM #24
Rainmaker
1,778,175
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Good thoughts on renting vs. buying. Taking that first step into home ownership can be scary. I remember laying awake at night, wondering what I had done when we bought our first house; turned out to be the best thing ever.

Aug 11, 2019 08:55 AM #25
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