04 Mar

Rent or buy? It’s an important question to answer that requires considering multiple factors.

Even as home prices and interest rates have gone up, you should still be able to save money in the long run by buying a home.Here are some points to consider:

  • A “crash” is not imminent— despite home prices that have increased a lot, many experts do not think a housing market crash will happen for a variety of reasons*.
  • Hedge against inflation— with a fixed rate, you always know what your monthly payment will be. On the other hand, rent payments typically rise over time and are expected to increase 7.1% in 2022.**
  • Increasing equity— homes increase in value as the mortgage debt goes down, which adds to the amount of equity in your home and your personal net worth—not your landlord’s wallet.

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