Rich Americans Ditch Home Ownership For Renting: how would you spend $11,000/mo?
Rich Americans Ditch Home Ownership For Renting:
How would you spend $11,000/mo?
The slot machine investment vehicle approach with real estate has certainly played a large role in our current economic crisis. It’s time to get back to basics as to the why of owning a home since the days of double digit appreciation are long gone which is what perhaps some people are still hoping for….
Personally & not necessarily in this order, I’ll take my small mortgage interest deduction, pride of ownership & not having to check in with a landlord to personalize my living space over renting.
As with most choices, there are pros & cons with renting vs. owning.
If you had $11,000/mo would you spend it on renting, a mortgage, starting up a business or…..?
Rich Americans Ditch Home Ownership For Renting
Posted by:
Cheryl Bower, Realtor CRS, GRI, ABR, ePro
Cell/Text: 415.999.3450
cheryl@cbower.com
DRE #: 01505551
Zephyr Real Estate
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