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