Why Rent When You Can Buy?

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Unsure about buying a home?  Think you can’t afford it?  Wondering if a home is a good investment?

Over the last ten years, the cost of rental housing in the U.S. has increased an average of 3.5% per year. If that trend continues, that means that an apartment or home renting for $1,000 per month – where can you find a thousand dollar a month home around here? – will cost more than $1,300 a month in ten years. If you rent the same home for ten years, the total amount you would pay for rent will equal $140,777!

In my example of the first house I ever sold, add the over $200,000 in equity you would lose over those ten years, that makes your loss $350,000.

Get the rest of the numbers:

Why rent when you can buy?

New Market – New Rules.  Learn all about it at our class August 18th.

Vicki Moore About Vicki Moore

Office:
RE/MAX Star Properties
282 Redwood Shores Parkway
Redwood Shores, CA 94065

By Phone:
650.888.9268

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