Owning a Home Has Distinct Financial Benefits Over Renting – Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert.
By Christophe Choo Posted Jun 18, 2021 Beverly Hills, In The Press, Latest Updates, Market Activity, Real Estate Articles, Real Estate News, Shared Recommended Articles, What I'm Reading
Owning a Home Has Distinct Financial Benefits Over Renting - Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert.
Some Highlights
- When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation.
- On the other hand, when you own your home, you build your own wealth, your monthly payment is locked in, and you benefit directly from home price appreciation.
- If you’re feeling the challenges of a competitive market, remember that homeownership is a long-term game. Persevering today will lead to financial rewards in the future.