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Still renting? Find your way home...

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The first quarterly rental market data for 2017 is in and LA and Long Beach ranked among the top cities in the U.S. with the largest increase... but you already knew that. Rents in LA have jumped 3% over just last month alone and over 5% for a two-bedroom in just one year. The information was gathered by Zumper (my favorite app for finding rentals!) and was pulled from over 1 million rental listings.

 Imagine buying instead of renting for a moment. No more increases in rent. No more landlord rules. No more throwing away your hard earned money with no return on your investment. No more paying for someone else's real estate portfolio.

Renting means you're paying your landlord's mortgage and they're benefiting from the equity growth and likely some tax benefits too. It might make better sense to pay yourself instead by purchasing your home. You've gotta live somewhere, right? It might as well be your mortgage you're paying and your return on investment that you're enjoying. Think about this, if you're currently paying $3,500 per month in rent, it's equivalent to paying a 30-year mortgage on a traditional $800,000 purchase price. That's right, about $500 per $100,000 mortgaged after the down payment. If you're paying $2,000 a month in rent, that's worth a $460,000 purchase price.

Whatever coming home looks like or feels like to you, I can help you find your way home. If buying is beginning to make sense for yourself or someone you know, give me a call at 562.714.1916 today.

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