Renters have a harder time in inflationary periods...
Owning your own home can help protect you from rising costs! Your home increases in value over time and you can lock in your monthly payment with your home loan.
But, that’s not the case when you rent.
When you rent, your monthly payments could go up at any time with very little notice. And, if you have to move for any reason, you'll likely have to pay much more in rent at your new place.
With a home, you have the stability of knowing your monthly payment will stay the same (assuming you have a fixed-rate mortgage) and you can stay put as long as you want without having to worry about being priced out by a landlord.
So if you're looking for a way to insulate yourself from rising costs, buying a home is a great option!
If you know someone who would benefit from my real estate expertise, don't hesitate to reach out!
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