Article by: Simplifying the Market™Originally Published: August 6, 2018, 10:00 amIn a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.” Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the […]
Are Lending Standards Propping Up Home Prices?
Article by: Simplifying the Market™Originally Published: August 2, 2018, 10:00 amBack in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say: “The increase in the prevalence of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages […]
Buying Is Now 26.3% Cheaper Than Renting in the US
Article by: Simplifying the Market™Originally Published: August 1, 2018, 10:00 amThe results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this study, this […]
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