Renting vs. Buying - Can I afford to buy a house? This is a topic that kind of gets beat to death. We are gonna take a different angle and ask, Can you afford NOT to buy a house? Rental rates have been on a steady rise since the 80’s, and in 2021 we saw a double digit jump in rental rates with another big jump expected again in 2022. Rental rates are outpacing wage inflation by a pretty wide margin, so what is holding you back from buying a house?
Beth dives into real estate economics and why the worry of the housing bubble is costing you even more money. 2022 predictions and beyond say the market isn’t cooling off any time soon.The reality? Home prices are continuing to increase in 2022, so there is really no time like the present to get in the game and start to look at buying a house now. With interest rates and inflation rising If you think buying a house is something out of your reach for whatever the reason, bad credit, no down payment, there are ways to make it happen no matter your situation. Beth dives into price affordability, how much you really need to save to buy a house, how much you can afford when buying a house and why buying a house in 2022 makes so much more sense than renting.