40-year record high inflation of 8.6% can be worrisome.😳
But rents have been rising 4X faster than income since 1985, and they've been outpacing inflation... which is even more problematic.💸
While a case can be made for renting in certain situations, this shocking truth still stands.
If you can afford a home, your net worth will be well over $300,000 higher than someone renting.🏠 A home is a forced savings account that can also help you move up in wealth as you trade up homes.
📊 Interest rates may have spiked recently, but they're still historically low.
You have to ask yourself these questions...
✅ In the coming months, where do you think interest rates will go? Up or down?
✅ Do you believe home prices will appreciate over the next decade?
✅ Can you turn back time?
✅ And given all that, when is the best time to buy/sell/act?
Remember this, time in the market outperforms timing the market. So don't wait to buy real estate. Buy real estate and wait.📈
🎙 Watch the Seattle Living & Wealth Building Podcast -
/ @seattlelivingandwealthbuilding 👉 Want to sell your home? Get a FREE, INSTANT & Easy home value report👇
search.mwagnerhomes.com/evaluation/home-valuation 🏡 Want to buy a home? Search all homes for sale 👇
bit.ly/SeattleSearchHomes Maynard Wagner - Broker, CPA, MBA
Wagner Real Estate Group
RE/MAX Northwest
300 NE 97th Street
Seattle, WA 98115
📲 206-369-8201
📧 maynard@mwagnerteam.com
💻
www.mwagnerhomes.com/ #shorts #inflation #rentprice
@autotech2736
2 years ago
Seattle area is the worst when it comes to how much it costs to rent or even buy a shack
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