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Rent Vs. Buy: How To Decide In 5 Steps

Quicken Loans

A major factor in anyone’s decision-making process, though, is one’s personal finances. Landlord pays for maintenance. Landlord might sell or decide to stop renting. Home value may increase over time. You may reap tax benefits. Sense of home stability/permanence. Home value may decrease.

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Inflation's Impact on the Housing Market

Eppraisal

The key to comprehending economics and finance is to understand prices. Just as inflation drives up the value of lumber, light bulbs, potatoes, chicken and women's shoes, it boosts home values in the same way. Of course, myriad factors are involved in home values, but inflation must be accounted for.

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Condo Vs. Townhouse: How Are They Different, And Which Is Right For You?

Quicken Loans

There’s no clear advantage of one option over the other, which is why you should get to know the ins and outs of condominiums and townhouses before you settle on your perfect home. Townhouses and condos both refer to a type of ownership, meaning you won’t have to pay rent to a landlord. Resale Value And Financing.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity. Make Predictable Monthly Payments When you're a renter, you're at the mercy of a landlord.