ANOTHER REASON TO BUY A HOME: RIDICULOUS RENTS!
If the fact that mortgage rates are still insanely low - dropping again last week - and new loans can make down payments as low as three percent for first-time home buyers still aren't enough to get you into the real estate market, here's perhaps the most compelling reason of all to buy a house: rents are ridiculous and only getting more so everyday.
A recent article from Yahoo shows that "American renters spend an average of about 30% of their monthly incomes on rent... but throughout the country, many people spend much more than that. That's a decent indication of a rent affordability problem in the U.S., given that housing experts consider consumers to be ‘rent-burdened' if they pay more than 30% of their income for housing."
No comments:
Post a Comment