Speaker 1: It is time for your true real Estate nine one
Speaker 1: one midweek update with your local real estate pro Lisa
Speaker 1: True Lisa. For such a long time, there has been
Speaker 1: this ongoing debate about whether it makes more sense to
Speaker 1: buy or rent, especially locally and with prices that are
Speaker 1: often high. When people are taking a look at buying
Speaker 1: or renting, it can make it more challenging to make
Speaker 1: what seems to be the right decision. But you have
Speaker 1: some really good guidance for people that are struggling with
Speaker 1: this question.
Speaker 2: Yes, I actually went back and looked at the advice
Speaker 2: of many of the media experts, and we know what
Speaker 2: media reliability has been, especially after the election. Since twenty fifteen,
Speaker 2: there have been real estate experts on TV saying you
Speaker 2: should not be buying, you should be renting. We've gone
Speaker 2: back and looked at the number of thousands of dollars
Speaker 2: that advice. If you took it costs now, some people
Speaker 2: should be rinting. Number One, If you're going to be
Speaker 2: in the home or the area for a year or two, yes,
Speaker 2: you should be renting because you will break even at best,
Speaker 2: maybe even lose a little with the closing cost. If
Speaker 2: you are going to be in your home five, six,
Speaker 2: ten years, renting cost you thousands of dollars based on
Speaker 2: reducing your principle. I mean, you're going to be paying
Speaker 2: that monthly rent, which is about the same as what
Speaker 2: your mortgage payment is. But what they don't talk about
Speaker 2: is appreciation. And we all understand that it literally will
Speaker 2: cost you thousands and thousands of dollars to be a
Speaker 2: renter versus being a buyer.
Speaker 1: Yeah, renting has long, for a long time been a
Speaker 1: losing proposition in our area. So the truths they have
Speaker 1: the answers to your questions. If you're thinking about renting
Speaker 1: versus buying, give them a call five six one, ninety seven,
Speaker 1: two eighty three, twenty six, visit True real Estate nine
Speaker 1: to one to one dot com, or just google True
Speaker 1: group that's tru group.