Long-term renting instead of buying is like gambling away your money.
In the end, renting is rarely a better investment than buying real estate, except in necessary short-term situations. In 2022, the average rent price increased by more than 25% over last year (and in some communities rates have gone up more than 60%!). Even with a 7% interest rate, buying is still a better alternative. Check out this article from Insurify for more details.
If you have any questions, don’t hesitate to call or email me. I’d love to hear from you.
