We sat down with Dr. Teresa R Martin, the owner/founder of REIA NYC, to learn about the benefits of purchasing a home versus renting. Despite rising interest rates, there are still opportunities and value in buying a home as a long-term investment and means to create generational wealth. We learn why buying a home is a better option when you have a long enough time horizon at the property. We also discuss the tax benefits of owning vs. renting and learn about a few other options available if your credit score needs work. Please join us as we dive into this topic with Dr. Martin and answer this debate once and for all.
Watch the full video here:
https://www.foreclosure.com/videos/high-cost-of-rent-better-to-buy-now/
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