We all know that buying a home is a smart financial decision. Sometimes renting might seem “right” but it’s important to realize how much further your money will go if you own your own home. Many people are paying the man, and unfortunately the man is charging quite a bit here in Portland!
What the rental market means for tenants: more expensive rent! Prices are quickly rising and you’ll never see that money again.
What it means for owners: now is a great time to buy. Whether yore spending the money to live in the home or purchasing it as an investment for later, it’s a solid option to buy in today’s market.
Never hurts to chat with a lender and see where you stand!