Should you buy or rent?
Only you can decide what is best for you but something you should consider...
Information from the Survey of Consumer Finances by the US Federal Reserve indicates that most of all the wealth in America is concentrated among homeowners not renters!
While Real Estate has it’s ups and downs like any industry, owning Real Estate is very worthwhile!
Why it’s smarter to buy than rent
|
Average net worth of homeowners vs. renters |
|
Annual income |
Owners |
Renters |
|
$80,000 and up |
$451,200 |
$87,400 |
|
$50,000 to $79,999 |
$194,610 |
$25,000 |
|
$30,000 to $49,999 |
$126,500 |
$10,600 |
|
$16,000 to $29,999 |
$112,600 |
$4,240 |
|
Under $16,000 |
$73,000 |
$500 |
Source: Federal Reserve Board |
If you’re a renter, now might be the time to sit down and take a good look at your finances.
Call me to get prequalified for a home mortgage. Housing prices are quite attractive right now and you can find a great deal on Real Estate.
Mark A. Miskiel
"Delivering a level of service that can only be described as exceptional!"
(928) 634-7987
miskiel@msn.com
NMLS # 198563
First time buyer loans, Purchase, Refinance, ARM Conversion, Combo Bill Pay, Construction, 2nd Home, Investment, 100% Financing, Lot Loans, Reduced/No-Closing Cost Options, Reverse Mortgages, FHA, VA, Rural Housing, Lot Loans, Manufactured.
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