Homeownership: A Hedge Against Inflation
Has your rent gone up recently?
We want tell you about something that can actually help you combat the rising prices all around you: Homeownership.
In today’s economy, rent is one of many things getting more expensive. In fact, 73% of property managers plan to raise rental prices over the next two years. So, if you’re renting your home right now, there’s a good chance you’ll have to make a tough decision about your lease, and your budget, sooner rather than later. Here are two reasons why homeownership makes good financial sense.
1. Fixed Mortgage
When you own your home, you don’t have the risk of someone raising your monthly payments. Instead, you have a fixed mortgage payment that locks in what’s likely your largest expense each month.
2. Wealth Builder
While rising rents can make it hard to save money, owning your home is a wealth builder. That’s why homeowners have an average net worth over forty times higher than renters.
Don’t keep renting if you’re ready for an alternative. Homeownership builds your wealth and serves as a hedge against inflation. Let’s connect to chat more about your options.
