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Real Estate

There may be a lot of reason a family decides to buy a home.

I think the 2 main reasons that people prefer owning their own home instead of renting are:

1.They want the opportunity to build equity.
2.They want a stable and safe environment.

Lets take a closer look at these two reasons.

Building Equity

I think most people agree that buying and owning a home is the essence of ‘The American Dream.’ Each month, your housing payments go toward owning your home instead of renting it; building your personal wealth and assets instead of someone else’s.

Check out my blog "Whether You Rent or Buy, Either Way You're Paying a Mortgage!" 

History has shown that homeownership is a clear path to wealth-building, with homeowners boasting a net worth that is multiple times higher than the net worth of renters.”  

Check out my blog "Homeowner’s Net Worth Is Greater Than a Renters"

Family Stability 

Does owning your home really create a more stable environment for your family?

Lets look at two good reasons why tenants should feel less stable with their housing situation:

68% of property managers predict that rental rates will continue to rise in the next year by an average of 8%.
53% of property managers said that they were more likely to bring in a new tenant at a higher rate than to negotiate and renew a lease with a current tenant they already know.

It is easy to see that renting will provide anything but a stable environment in the near future.

Bottom Line

Homeowners enjoy a more stable environment, and at the same time are given the opportunity to build their family’s net worth.


Start your path to home ownership today!


Lamont Hyde

TMG Realty & Loans

Your Path to Home Ownership

Direct: 562 968 7004

Email: Lamonthyde@gmail.com

Website: http://LamontHyde.com

BRE 01863312 / NMLS 1478632


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