I recently read an article that I wish I would have bookmarked because now I wish I could go back and try to remember all the details of the authors argument. Basically he felt that in the current housing market it was more affordable and even more economical and a better financial investment to consider renting an apartment over buying a home. I was intrigued by the article because it highlighted some of the pitfalls of home ownership and even outlined an issue we had with our last home that made me feel this guy may know something I don’t but I think things have changed.
I realize now my biggest problem with his argument was the short sided value in renting over home ownership. He felt that with what he could save by renting an apartment now he could buy a better home later that needed less investment and maintenance costs and he felt that the added cash flow was important for him to manage his life. I then thought he must be single and not worried about the security of owning your own home and the stability it offers a family. Home ownership is a long term investment and if you think you’re going to jump into the market now to flip some homes you are sadly mistaken. The days of fast house sales and short term investment are most likely behind us for some time to come but the value of investing in real estate for long term growth cannot be argued against if you have the added responsibility of a family and children to house.
Online resources such as Asheville Property can help you find the information you need for investing in Charlotte real estate for example or you can find more details on securing the best mortgage rates online with the many online services available and start building a portfolio of investment properties for your families long term growth now.
Written by South Florida Parents - South Florida Children Tags: children
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