Financial Advantage of Owning Home Now Comes More Quickly

Rising rents are shrinking the amount of time it takes for Portland-area homeowners to realize a financial advantage over renting. Portland-area buyers who stay in their home for 2.2 years will be better off than if they had rented a similar home. Renters who could afford the monthly costs of home-ownership and who might benefit from its advantages might have trouble qualifying for a mortgage or saving for a down payment. They may also prefer flexibility over being tied down to a house and mortgage.

 

Posted on May 11, 2014 at 5:03 pm
MJ Steen | Category: Uncategorized | Tagged , , , , , , , ,

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