A SECURE RETIREMENT ALTERNATIVE
While renting offers flexibility, predictable monthly expenses, and someone to handle the repairs. Homeownership brings intangible benefits. They include a sense of stability, belonging to a community, and pride of ownership, along with the tangible ones of tax deductions and equity.
OWNERSHIP
2021 Statistics Show – 80% of retirees money is in the equity of their home not there for 401K. This is a great option for investing in homeownership as an alternative tool for building generational wealth.
RENTING
Renting means you can move without penalty each time your lease ends. However, it also means you could have to move suddenly if your landlord decides to sell the property or turn your apartment complex into condos. Less dramatically, they could just bump up the rent to more than you can afford.
“The best time to buy was 10 years ago; 10 years from now, the best time to buy would be today” – Alejandro Tobon – Mortgage advisor – Total Mortgage – The Depina Team
