Home ownership pays, and how!

Dated: August 8 2021

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This week I was curious about how my buyer clients have been doing in the real estate market of the last few years, so I did a quick market analysis on each property I have helped a client to buy, where they are still in the same home. It feels great to report that each of them is doing very well—in fact the median appreciation rate among my buyer clients is just under $60,000 per year, or almost $5,000 per month! Of course, the owners of high-end properties are raking it in faster than the lower-priced property buyers, but even the lowest appreciation rate is bringing in over $35K per year. That’s not income in return for commuting to work and putting in eight hours a day—it’s just for owning your home and making mortgage payments you’d otherwise have to pay in rent!

In addition, my clients who purchased more than just a few years ago are beginning to experience the positive side of payment inflation. At the time when they bought, their new mortgage payment seemed quite steep compared to the rent they had been accustomed to paying. As time has passed, that fixed-rate mortgage payment has remained the same while rental rates and new mortgages have increased. Now the same payments actually feel like a bargain! This is why I encourage my clients to be aware of the role that time plays in their financial well-being. It’s good to buy a home as soon as you’re able, not because I want you to, but because you’ll have more time for appreciation to add to your wealth!

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DAVID DUNLAP

As a residential real estate executive with an extensive background in corporate marketing, I am able to apply unusually strong skills in marketing communications, e-marketing, strategic planning and ....

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