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Want to Build Wealth? Buy a Home This Year
Manage episode 380764901 series 3523206
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Every year, households across the country make the decision to rent for another year or take the leap into home ownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and other incremental expenses. Using these measurements, recent studies show that it’s still more affordable to own than rent in most of the country.
There is, however, another financial advantage to owning a home that’s often forgotten in the analysis – the wealth built through equity when you own a home.
Thank you for listening!
📲 I have so many people contacting me who are moving within and to San Diego and I ABSOLUTELY love it! If you are moving within or relocating here to San Diego, myself and my team can make that transition so much easier on you!!
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Wesley Guest
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