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Making the Decision to Stop Renting

Eppraisal

When you own a home you are responsible for the real estate taxes, homeowners insurance, homeowners association fees, maintenance, repairs, upkeep and the like. Renters just pay the monthly rent and the landlord pays the mortgage and all the other costs. You make the decisions to make changes to the home.

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Inflation's Impact on the Housing Market

Eppraisal

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. For instance, and for simplicity, if there are 30 identical houses and $600 in circulation, each property would be priced at $20. Proceeds from the sale are that much higher.

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Rent Vs. Buy: How To Decide In 5 Steps

Quicken Loans

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. Hopefully, your home will increase in value when you sell the home.)

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The Complete Guide to Buying a Home After College

Raleigh Realty

Build Equity Your home will have a value assigned to it, and you'll be making mortgage payments. The difference between the home's value and what is left in your mortgage is the equity. In other words, if your home is worth $100,000 and you have $60,000 remaining in your mortgage, you have $40,000 worth of equity.