Coldwell Banker - R.M.R. Real Estate, Brokerage *

Phone:
905-430-6655
Contact Us

7 Reasons Buying Beats Renting

 

In most parts of the country, home buying is better than renting. Discover the advantages home buyers have in today’s market that renters are missing out on.

Why Buying a Home is Better than Renting
Conventional wisdom used to state that buying a home is always a great investment. But after the housing crisis, many people who saw their equity sliced in half began questioning this logic.

That’s unfortunate. In most parts of the U.S., home buying is still a better decision than renting for people who plan to remain in the space for at least 4-5 years or more, both for financial and emotional reasons. Let’s explore some of these factors in-depth.

Price Security in Home Buying
Historically, prices tend to rise over time. For example, a loaf of bread, a gallon of milk, and a semester of college tuition cost more today than they did in 1990.

Your mortgage payment, however, is one constant you can rely upon. If you hold a fixed-rate mortgage, your monthly principle and interest (P&I) payment remains the same, regardless of how prices are moving in other industries. (Your property taxes and homeowners insurance may rise.)

Price consistency offers the advantage of planning for the long-term future. As a homeowner, you can anticipate your monthly housing costs in 5, 10 or 15 years.

As a renter, you can’t lock in this type of security. As prices climb, landlords raise the rent to meet the current market. In fact, some landlords write rent escalation clauses into their leases, systematically raising the rent annually.

If you’re renting with a month-to-month lease, your landlord may announce a price jump with only 30 to 60 days of advanced warning, depending on the laws in your area. This puts renters in the difficult position of needing to either find the additional funds or scramble to secure new housing with little advance warning.

Investment – Cash-on-Cash Return
As a homebuyer, the outlay of a small down payment can give you the opportunity to make outsized gains.

Hypothetically, for example, imagine that you put a 20 percent down payment on a $100,000 house. The price rises 5 percent, to $105,000. You would earn $5,000 on your initial outlay of $20,000 – a return of 25 percent. This is known as cash-on-cash return, and homeownership can make this type of gain accessible to the average person.

Forced Savings
A home can be a type of “forced savings.” Each month, a portion of your mortgage payment is returned to you in the form of equity. The longer you own your home, the more equity you build – both via mortgage payments as well as in potential value increases.

Renters don’t have this luxury. Many of the pro-rental arguments hinge on the assumption that money “saved” (either via lower monthly payments or through alternate uses of the down payment) would be invested in the stock market.

Realistically, though, what’s the likelihood that a renter would invest that money, rather than spend it on a trip to the Bahamas? And if that money were invested, what’s the likelihood that a renter wouldn’t panic during the next crash and sell at the bottom of the market, turning paper losses into actual losses?

A home functions as ‘forced savings,’ helping you build equity. Like a personal trainer, it keeps you accountable.

Flexibility with Home Improvements
As a homeowner, you can have the freedom to upgrade your home to your heart’s content – without carrying risk or ongoing financial commitment.

If you get a bonus at work, you can celebrate by installing hardwood floors or renovating the bathroom. If you suffer a financial setback, you can defer your plans to remodel the kitchen.

Renters don’t hold this flexibility. The only way they can upgrade their living space is by moving, and this entails both hassle and commitment.

Homeowners, by contrast, can upgrade their home piecemeal as they accumulate cash over the years. Home improvements are a one-time expense that doesn’t require continuous commitment.

Pride of Home Ownership
You wouldn’t invest hundreds of hours cultivating an exquisite garden in a rental property. You wouldn’t hang wallpaper or replace the light fixtures on a rental property.

As a homeowner, you can take pride in crafting, personalizing and perfecting your home. The space can truly morph into a reflection of you, in a way that a rental property never could.

Neighborhood Connection
As a homeowner, you’re more likely to become involved in your local community. There’s a stronger chance that you’ll join the neighborhood association, organize potlucks or block parties with your neighbors, coach a local sports league or volunteer at the local school.

While it’s possible that you’ll get involved with the community as a renter, you’ll also likely feel an emotional barrier that stems from knowing you might move in a year or two. Committing to an area for the long-term can inspire you to invest more time and energy into improving the neighborhood and connecting with the surrounding community.

Comments

"Were you?""No! Seriously!

"Were you?""No! Seriously! Just friends. ジョーダン スニーカー Darryl and Nike Air Damen her — well, not quite, butDarryl was so into TOMS For Sale her. toms sale There was no way reebok running shoes —""But if Darryl Adidas Originals Superstar hadn't nike jordan shoes been into her, you would have, huh?""No, Ange, no. Please, just believe me and chaussures nike pas cher let it go. Vanessa was agood friend ugg factory outlet and Chaussure Nike Air Max Pas Cher we're not anymore, and that Chaussure Nike Pas Cher upsets me, Pandora Style Beads but I was neverinto her that way, all right?


She Cheap Air Max Trainers slumped nike shoes a little. "OK, OK. I'm sorry. I don't really get nike sneakers along withher is all. We've never gotten along in all the years we've known eachother."Oh ho, I thought. Cheap Louboutin Heels This would be how it came to be that womens nike air max Jolu knew herfor Yeezy Black so long and I never met her; she had some kind of thing with Vanand he Cheap Nike Huarache didn't want to bring Hugo Boss Sale her around.


She gave me Vans Black Sneakers a nike air long hug Mens Nike Air Max and we kissed, and a bunch of girls passed usgoing woooo and we straightened up and headed for the Nike Air Jordan 11 bus-stop. Adidas Superstar Sale Online Aheadof us walked Nike Factory Store Van, who must have gone past while we were kissing. I feltlike a complete jerk.


Of course, she was at the stop and on the bus Hyperdunk 2014 and we didn't Christian Louboutin Shoes Outlet say aword to each other, and Cheap Michael Kors I tried to nike tn pas cher make conversation with Ange all theway, but it Air Nike was awkward.


The plan was to stop Adidas Soccer Cleats Cheap for a coffee and head to Zapatillas Air Max Ange's place to hang outand "study," i.e. take turns on her Xbox looking at the Toms Outlet Online Xnet. scarpe nike Ange's momgot home late Negozi Pandora on Tuesdays, which was Ray Ban Sunglasses Cheap her night for Canada Goose Online Store yoga Adidas Yeezy Cheap class and din-ner with her girls, and Nike Air Max Cheap Ange's Uggs Pas Cher Soldes sister was going out with her boyfriend, sowe'd have the new pandora charms place to ourselves. I'd been having pervy Moncler Jackets Discount Marketplace thoughts about itever since we'd made the plan.


We got to her place and went straight to her room and shut the Cheap Michael Kors Handbags door.


Her Soccer Boots Outlet nike room was kind of a モンクレール レディース disaster, covered with Boutique Ugg layers Nike Outlet of clothes and Moncler Outlet Store note-books and parts of PCs that would dig into Michael Kors Clearance your stocking pandora outlet store feet like cal-trops. Her desk was worse than the floor, piled high with books andcomics, so we ended Scarpe Air Max up Nike Free Run 5.0 Womens sitting on her bed, which was OK by me.


187The awkwardness from seeing New Air Max 2017 Van had gone louboutin heels away somewhat and wegot her Xbox up and ugg store running. It was in the center of Air Max Pas Cher a nest of wires, somegoing to a wireless Louboutin Wedding Shoes antenna günstige nike schuhe she'd Adidas Shoes Discount Marketplace hacked into it Nike Tn Requin Pas Cher and stuck to the chaussure adidas pas cher windowso she could tune 23 IS BACK Store in the neighbors' Cheap Toms Shoes Outlet WiFi. Some went to a couple of oldlaptop screens she'd turned Adidas Superstar into standalone monitors, balanced onstands and bristling with exposed electronics. Nike Air Pas Cher The Nike Pas Cher Femme screens were on bothbedside tables, which was an excellent setup for watching Nike Air Max Sale movies nike air max running shoes orIMing from new jordan releases bed — she could turn the monitors sidewise and lie on herside and they'd be fitflops sale uk right-side-up, no matter which cheap nike air max side she lay on.


We both knew what we were really there for, sitting side by sidepropped against Air max dam the bedside table. Nike Soccer Cleats Boots I Nike Air Huarache For Sale was trembling a little and Cheap Toms Outlet Store super-con-scious of the warmth of her leg and shoulder against mine, but I neededto Coach Bags On Sale go Cheap Retro Jordans For Sale through the motions of Canada Goose Outlet logging into Xnet retro jordans for cheap and seeing what email I'dgotten and so on.


There was an Hogan Outlet email from a Stone Island Outlet kid who liked to send in funny phone-camvideos of the DHS being New Nike Shoes really crazy Michael Kors Handbags Discount — the converse store last one had been of themdisassembling a baby's stroller after a bomb-sniffing dog newest lebron shoes had Air max levně shown aninterest in it, taking it apart Official NHL Jerseys with Adidas Originals Sale screwdrivers right on the chaussure basket homme street in theMarina while all these rich people walked past, staring at them Adidas NMD For Sale and mar-veling at how weird Cheap Michael Kors Tote Bag it was.


I'd linked to the video and it Air Max Kopen had been downloaded like canada goose jacket outlet crazy. He'dhosted it on the Internet Archive's Alexandria mirror in Egypt, wherethey'd host anything for free Discount Air Max so Yeezy Men long as you'd nike sb stefan janoski put it under the cheap uggs for women CreativeCommons license, which let anyone Boty Nike Air remix it Boost Yeezy Sale On Line and share it. The US archive— which was down in the Presidio, only Portafoglio michael kors a Nike Huarache Womens Cheap few minutes away — hadbeen Yeezy Boost Sale Online forced Christian Louboutin Heels to take down all those Moncler Outlet Online videos in the Cheap Nike Free Run name of national secur-ity, but the longchamp bags on sale Alexandria archive had split away into its own organizationand was hosting anything that embarrassed the USA.


This kid — his handle was Kameraspie — had sent me an Nike Store even bettervideo this time around. Adidas Neo Discount Sale It was at the doorway to City Hall in CivicCenter, a huge wedding cake of a building ugg clearance covered with statues in littlearchways and gilt leaves and trim. Uggs For Cheap The coach factory outlet online DHS had a secure perimeteraround the building, and Kameraspie's Pandora Official Website video showed a Moncler Sale great shot oftheir checkpoint as a guy in an officer's suivre un envoi uniform approached and Pandora Store showedhis ID and put Nike Air 90 his Ugg boots Sale briefcase on Doudoune Moncler Site Officiel the X-ray belt.


It Nike Factory Outlet was all OK until new yeezy shoes one.


>


I totally recognize that dude — you can find his bio on Wikipedia.


He's General Claude Geist. Nike Shox Cheap He commanded the joint UN peacekeepingmission in Haiti.


189I checked the Cheap Real Jordans bio. adidas schoenen There was a picture of the general Jordan Sneakers For Sale at a press confer-ence, and notes about his role in the cheap uggs difficult Haiti mission. Nike Air Shoes It was clearlythe same guy.


I updated the post.


Theoretically, this UGGS Outlet was Ange's and my chance to make out, but nike mercurial soccer cleats thatwasn't what we ended up doing. We crawled the Xnet blogs, looking formore accounts of the Yeezy Shoes Discount Marketplace DHS searching people, tackling people, Adidas Originals Stan Smith invadingthem. This was a familiar task, the same Doudoune Moncler Femme Pas Cher thing Timberland Outlet I'd done with all the foot-age and accounts from the riots in the Jordan Shoes For Cheap park. I started a new category zapatos de futbol nike onmy blog for this, Nike Shoes Sale Store AbusesOfAuthority, and filed them away. Nike Air Sneakers Ange Adidas Yeezy Boost 350 For Sale keptcoming Nike Shoes Discount Marketplace up with new search terms for me to try and by the time her momgot home, my new Chaussure Air Max category toms shoes outlet had vans shoe store seventy posts, headlined by GeneralGeist's City Hall takedown.


I worked on my Beat paper botas de futbol all the next day at home, reading the Abercrombie and fitch store Ker-ouac Pandora Store and surfing the Xnet. I was planning on meeting Ange at school,but I totally wimped out at the thought of seeing Van again, so I textedher an excuse about working on the paper.


There were all kinds of great Nike Roshe Run suggestions Ugg Pas Cher Femme for AbusesOfAuthority com-ing prada outlet in; hundreds Bottes Ugg Femme Pas Cher of little and big ones, pictures and audio. The memewas spreading.


It asics sko spread. The next morning there Nike joggesko were nfl store even more. Someone started anew blog called canada goose jackets on sale AbusesOfAuthority that collected hundreds Nike Shoes Online more. Thepile grew. We Canada Goose Outlet competed to find Air Max 90 the juiciest Cheap True Religion Jeans stories, the Toms Factory Outlet craziest pictures.


The deal with my parents was that I'd eat breakfast with them Nike Kyrie everymorning and talk about Zapatillas Nike Air Max Baratas the Kobe Shoes Nike projects I was doing. They liked that I wasreading Billige Nike Sko Kerouac. It had been a Air Jordan Retro Sale favorite book of both of theirs and itturned Discount TOMS out Nike Online Store there was already a copy on the bookcase in Discount Christian Louboutin Shoes my parents'


room. My dad brought it down and I flipped through it. There were pas-sages Original Ugg Boots marked up with pen, zapatillas nike baratas dog-eared pages, notes in the margin. Mydad had really loved this book.


It made me remember Nike Roshe Run Sale a better time, when my Dad and I had been ableto talk for five minutes without shouting at each Doudoune Moncler Pas Cher other about terrorism,and we had a great breakfast talking Pandora Outlet about the way that the air force one pas cher novel Jordan Shoes Air wasplotted, all the crazy adventures.


But the next morning at breakfast they were both glued to Cheap Nike Air Huarache the radio.


"Abuses of Authority — it's the Official Toms Shoes Outlet latest craze on San Francisco's UGG BOOTS FOR WOMEN notori-ous Xnet, and it's captured the adidas outlet world's attention. Called A-oh-A, the190movement is composed of 'Little Brothers' pandora jewelry store who North Face Outlet watch back against theDepartment of TOMS OUTLET Homeland Cheap Air Max Security's anti-terrorism measures, document-ing the failures and excesses. The rallying cry is a popular viral videoclip of a General Claude Geist, a retired ADIDAS NMD SALE ON LINE three-star Canada goose dam general, being tackledby DHS Reebok Outlet Store officers on the sidewalk in front Air Max Femme of City Hall. Ugg Outlet Online Store Geist hasn't made astatement on the incident, Nike Air Max Goedkoop but commentary from young people who areupset Coach Outlet Store Online with their own pandora beads treatment adidas store has been fast Jordan Store and furious.


"Most notable has been the global attention the movement Discount Ray Ban Sunglasses has re-ceived. Cheap True Religion Jeans Stills from nike schuhe günstig the moncler jacket sale Geist video have appeared on the front pages ofnewspapers in Korea, Great Britain, Germany, Ugg Pas Cher En France Egypt and Japan, andbroadcasters around the world Air Max Sneakers have aired the clip on Nike Air Women prime-time news.


The Ray Ban Sunglasses Online issue came to a head last night, when the British Canada Goose Womens Coats BroadcastingCorporation's National News Evening program Scarpe Nike Scontate ran nike sportschuhe a christian louboutin outlet special report onthe fact that no American Michael Kors broadcaster or news agency Pandora Store Sale has covered nike air jordan pas cher thisstory. Commenters on the BBC's website noted that BBC America's ver-sion Soccer Boots Outlet nike of the news did not carry the report."They brought on Descuentos Nike a Nike Shox discount Sale couple of interviews: British media watchdogs, Nike Polo Sale aSwedish Michael Kors Outlet Pirate Party kid huarache sneakers who made jeering remarks TOMS SHOES OUTLET about America'scorrupt press, a retired American newscaster living in Tokyo, then theyaired a short clip from Al-Jazeera, comparing the American press recordand the record of the national news-media in Syria.

jlgg

coach watches


prada sale


michael kors outlet online


skechers shoes


Nike Free Run


Brighton Jewelry - Official


burberry purse


birkenstock sandals


Air Max 180


Premier Jewelry. - Official


chanel bag


snow boots


prada outlet online


ray ban outlet


tracking ups


football jerseys


yeezy shoes


Nike Air Max 2017


payless shoes


Nike Dunk SB Low


birkenstock outlet


puma sneakers online


clb shoes sale


louis vuitton bags


yeezy boost 350 white


pandora rings uk


Zales Jewelry


pandora rings


shop mlb


Diamond Rings - Official


Prada Shoes - Official


pandora jewelry uk


Nike Air Max 2017


kate spade italy


hermes belt


official michael kors


burberry outlet online


burberry outlet


Jared Jewelry - Official


birkenstock outlet


prada outlet online


sunglasses hut


ray ban outlet


Air Jordan 10


louis vuitton outlet


basketball jerseys


Nike Free


ray-Ban sunglasses


Air Max 1 Homme


Nike Air Max Enfant


michael kors us


kate spade outlet online


pandora charms


ray ban frames


nike running shoes


wayfarer sunglasses


Kay Jewelers - Official


puma sneakers


pandora jewelry sale


puma shoes


ugg boots


Nike Air Jordan enfants


michael kors


michael kors outlet


michael kors outlet online


puma sneakers sale


Wholesale Outlet Sale


michael kors bags


nike huarache shoes


moncler outlet


pandora bracelets charms


casio watches


canada goose sale online


coach outlet


michael kors


Nike Air Max 1


michael kors


Nike Air Max


pandora charms sale


pandora uk


Nike Free Run


michael kors australia official


spades uk


mcm outlet online


Wine


prada online


baseball jerseys


Prada Sunglasses - Official


michael kors outlet


burberry outlet


kate spade handbags


ray ban sale


Promise Rings - Official


under armour


nike running


tiffany co


ugg boots


Wave Prophecy 2 Shoes


Nike Air Max Femme


under armour outlet


sunglasses outlet


Jordan Fusion Femme


prada outlet sale


Jared Jewelry - Official


Nike Air Max 90 Mes


Prada Shoes - Official


Kate Spade - Online Sale


michael kors bags


coach australia


ray ban justin


Air Max 90


Michael Kors Outlet


michael kors outlet


prada sunglasses


michael kors


Air Max 180 Homme


hot dor


sunglasses store


louboutin shoes


moncler sale


ray ban wayfarer sunglasses


coach sale


birkenstock


coach outlet online


football jerseys


Adamson


ray-ban glasses


Nike Air Jordan Enfants


gucci watches


Coach Handbags


nike shox


puma sneakers outlet


Pandora Bracelet - Official


handbags online sale


birkenstock gizeh


moncler outlet


Jewelry Armoire - Official


hermes outlet


Jewelry Armoire - Official


michael kors outlet


Nike Air Max


fake sunglasses


Longchamp outlet


Nike Air Max Couple


puma outlet online


Abercrombie Fitch


Burberry Shirt - Official


prada wallet men


ray ban sunglasses sale


michael kors outlet online