The Cost Of NOT Owning Your Home

    In past posts, we have talked about Renting Vs Buying and the Benefits of Home Ownership, but today lets look at it from the perspective of “what will it cost me to continue to rent?”.  Owning your own home is a forced savings account, will provide tax breaks and in most cases is cheaper than renting.  But, in my mind, the greatist take away is that a homeowner’s net worth is 44 times greater than that of a renter.  The cost of taxes and home repairs are always built into the rent that a landlord will charge.  The renter is paying the  landlord’s mortgage and then some….renters help build the landlord’s wealth. To read more click here and if you are thinking its time to own your own home, give me a call and lets chat!

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