Rent Spikes Keeping Pace With Home Appreciation

Rent spikes are keeping pace with home appreciation, but this is not a good thing if you are a renter.  The increase year over year from December 2016 to 2017 was 5%. Except, that’s not equity in your pocket, as with your counterparts who bought last year; it’s money out of your pocket that you will never see again.  Not only that, but rents are going to go up again this year— while people who bought saw their equity grow, and their housing cost stay exactly fixed with their fixed rate loan, as it will remain for 30 years if they so choose.  Is buying a better way to build wealth than renting?  What do you think?

Give us a call at Premier Funding Network 714-283-9900 and let’s talk about getting you into a home.