Should I or Should I??

By
Real Estate Agent with Keller Williams Realty Evolution - Topsfield, MA 92593-B

That's the question people are faced with when considering renting vs buying. With all that's going on with the economy, rising prices, rising interest rates, not to mention gas, oil, and energy costs it is easy to see where the concern and confusion are coming from. All on top of a devaluing stock market, crypto, and now even gold and silver. 

It is my belief, and the majority of Americans' belief, that Real Estate is the best investment/purchase people can make. With rents skyrocketing that is money you can kiss goodbye.. My son was looking for a new apartment and it would cost him $6,000 upfront (1st, last, security, then another $22,000 for the remaining 11 months. 

Here's an interesting infographic I found that was put together by the folks at KCM. It's easy to follow and provides side by side of renting vs buying.

As always consult with your local Real Estate professional to discuss your housing needs, immediate or future. There's no better time to start than now.

Should I Rent or Should I Buy? 

Should I Rent or Should I Buy? [INFOGRAPHIC] | Keeping Current Matters

Some Highlights

  • It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home.
  • When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save.
  • If you want to learn more about the benefits of homeownership, reach out to a real estate professional today.
Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

Comments (15)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good afternoon Doug. 99.4% of people who choose not to buy are making the wrong choice. Enjoy your day.

Jul 16, 2022 10:46 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Doug I am so with you on this post, I have known people who regretted that they did not buy sooner, Endre

Jul 16, 2022 11:41 AM
Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Good review Doug on this important topic. One thing for sure if one rents for 30 years the rent will go up many many many time. By buying one can lock in a monthly payment for 30 years as your home appreciates and builds equity. That is my vote...BUY.

Jul 16, 2022 12:14 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Doug Dawes it is much better to buy a then rent a house. Great post.

Jul 16, 2022 03:05 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

This is a great post Doug,

Buying means building equity. So many renters lost out on building equity and their rents are continuing to escalate. Meanwhile their landlords equity is rising !

Jul 17, 2022 05:25 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Wayne Martin 

On this, we are in lockstep. The time is now when decide whether to participatre in the active buying market

Jul 17, 2022 07:21 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Real Estate over time has appreciated steadily Endre Barath, Jr. As in anything, there are cyclical occurrences. Like the weight lifter commercial "I pick things up I put things down" The Real Estate market goes up and goes down

Jul 17, 2022 07:23 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI 

Thank you for stopping by, reading, and commenting. Real Estate, over the long term, appreciates steadily 

Jul 17, 2022 07:25 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

For the long term, Absolutely always smarter to purchase than rent John Pusa Have a great weekend

Jul 17, 2022 07:26 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

The only ones that lose are those that continue to rent. That's an unfortunate situation Dorie Dillard Austin TX 

Jul 17, 2022 07:27 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Doug, great post for buyers to review and considering their situation.    It isn't for everyone, but for most!

Jul 17, 2022 07:49 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Doug and Thank You for sharing this great information with us here in the Rain.  Make it a great week!

Jul 17, 2022 08:25 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Doug, I do believe many renters are wrestling with this question!   

Aug 04, 2022 07:38 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Many do Joan Cox since the cost of renting is close to the cost of owning in my opinion

Aug 04, 2022 08:04 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Doug Dawes - There should be no hesitation. If one has the means and can assume responsibility, they should buy. Renting only helps the Landlord acquire wealth. 

Aug 29, 2022 03:41 PM