[:en]Don’t Get Caught In The Renter’s Trap[:es]No caiga en la trampa de los arrendatarios[:]

Don't Get Caught In The Renter's Trap | Simplifying The Market
[:en]There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.

The National Association of Realtors (NAR) released their findings of a study in which they studied “income growth, housing costs and changes in the share of renter and owner-occupied households over the past five years in metropolitan statistical areas throughout the US.”

Don’t Become Trapped

The study revealed that over the last five years a typical rent rose 15% while the income of renters grew by only 11%. If you are currently renting, this disparity in growth could get you caught up in a cycle where increasing rents continue to make it impossible for you to save for a necessary down payment.

The average renter in the United States pays 30% of their income on housing compared to that of a homeowner who can expect to spend 15%.

In many metro areas the percentage of income spent on housing is even higher and continues to rise every year. Like in San Francisco, CA, where the average renter spends 59% of their monthly income on housing or nearly 65% in Boston, MA.

Homebuyers who purchased their home over the same five-year period locked in their housing costs and were able to grow their net worth as home values have increased and their mortgage balances have gone down.

Know Your Options

Perhaps, you have already saved enough to buy your first home. HousingWire reported that analysts at Nomura believe:

“It’s not that Millennials and other potential homebuyers aren’t qualified in terms of their credit scores or in how much they have saved for their down payment.

It’s that they think they’re not qualified or they think that they don’t have a big enough down payment.” (emphasis added)

As we have reported last week, over 60% of Millennials who recently bought a home put down less than 20%; 36% put down less than 5%. Your dream home may be more attainable than you ever imagined!

Bottom Line

Don’t get caught in the trap so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Have a professional help you determine if you are eligible to get a mortgage.[:es]Hay muchos beneficios de ser propietario de casa, uno de los principales, es el protegerse de los aumentos en el alquiler y bloquear el costo de su vivienda por la duración de su hipoteca.

La Asociación nacional de Realtors (NAR por sus siglas en inglés) publicó sus resultados de un estudio en que ellos estudiaron “El incremento de los ingresos, los costos de la vivienda y los cambios en el porcentaje de hogares con inquilinos y ocupados por el dueño durante los últimos cinco años en áreas estadísticas metropolitanas en U.S.A”.

No se deje atrapar

El estudio reveló que durante los últimos cinco años, un alquiler típico aumento 15%, mientras que los ingresos de los inquilinos aumentaron solamente un 11 %. Si usted está alquilando actualmente, esta diferencia en aumento podría llegar a atraparlo en un ciclo donde el aumento constante en los alquileres continúa haciendo imposible para que usted ahorre lo necesario para la cuota inicial.

El inquilino promedio en los Estados Unidos paga 30 % de sus ingresos en la vivienda comparado con el 15 % que se espera que page un propietario de casa.

En muchas áreas metropolitanas el porcentaje de los ingresos que se gasta en la vivienda es aún más alto y continua aumentando cada año. Como en san Francisco, CA, donde el inquilino promedio gasta 59 % de sus ingresos mensuales en vivienda o cerca del 65 % en Boston, MA.

Los compradores de casa que pudieron comprar su casa durante el mismo periodo de cinco años aseguraron sus costos de la vivienda y tuvieron la capacidad de aumentar su patrimonio neto a medida que el valor de las viviendas ha aumentado y el balance de su hipoteca ha bajado.

Conozca sus opciones

Tal vez usted ya ha ahorrado suficiente para comprar su primera casa. HousingWire informó que los analistas de Nomura creen que:

“No es que los ‘millennials’ y otros compradores potenciales no califiquen en términos del puntaje del crédito o en cuánto han ahorrado para su cuota inicial.

Es que ellos piensan que no califican o ellos piensan que no tienen suficiente para la cuota inicial”. (Énfasis agregado)

Como informamos la semana pasada, más del 60 % de los ‘millennials’ que recientemente compraron una casa pusieron menos del 20 % con 36 % poniendo menos del 5 % de cuota inicial. ¡La casa de sus sueños puede ser más alcanzable de lo que usted se imagina!

En conclusión

No caiga en la trampa en la que están tantos inquilinos actualmente. Si usted está listo y dispuesto a comprar una casa, averigüe si está en capacidad de hacerlo. Que un profesional le ayude a determinar si usted es elegible para obtener una hipoteca.[:]

[:en]Don’t Get Caught In The Renter’s Trap[:es]No caiga en la trampa de los arrendatarios[:]

Don't Get Caught In The Renter's Trap | Simplifying The Market

[:en]There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. The National Association of Realtors (NAR) released their findings of a study in which they studied “income growth, housing costs and changes in ...

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[:en]Don’t Get Caught In The Renter’s Trap[:es]No caiga en la trampa de los arrendatarios[:]

Don't Get Caught In The Renter's Trap | Simplifying The Market

[:en]There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.

The National Association of Realtors (NAR) released their findings of a study in which they studied “income growth, housing costs and changes in the share of renter and owner-occupied households over the past five years in metropolitan statistical areas throughout the US.”

Don’t Become Trapped

The study revealed that over the last five years a typical rent rose 15% while the income of renters grew by only 11%. If you are currently renting, this disparity in growth could get you caught up in a cycle where increasing rents continue to make it impossible for you to save for a necessary down payment.

The average renter in the United States pays 30% of their income on housing compared to that of a homeowner who can expect to spend 15%.

In many metro areas the percentage of income spent on housing is even higher and continues to rise every year. Like in San Francisco, CA, where the average renter spends 59% of their monthly income on housing or nearly 65% in Boston, MA.

Homebuyers who purchased their home over the same five-year period locked in their housing costs and were able to grow their net worth as home values have increased and their mortgage balances have gone down.

Know Your Options

Perhaps, you have already saved enough to buy your first home. HousingWire reported that analysts at Nomura believe:

“It’s not that Millennials and other potential homebuyers aren’t qualified in terms of their credit scores or in how much they have saved for their down payment.

It’s that they think they’re not qualified or they think that they don’t have a big enough down payment.” (emphasis added)

As we have reported last week, over 60% of Millennials who recently bought a home put down less than 20%; 36% put down less than 5%. Your dream home may be more attainable than you ever imagined!

Bottom Line

Don’t get caught in the trap so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Have a professional help you determine if you are eligible to get a mortgage.[:es]Hay muchos beneficios de ser propietario de casa, uno de los principales, es el protegerse de los aumentos en el alquiler y bloquear el costo de su vivienda por la duración de su hipoteca.

La Asociación nacional de Realtors (NAR por sus siglas en inglés) publicó sus resultados de un estudio en que ellos estudiaron “El incremento de los ingresos, los costos de la vivienda y los cambios en el porcentaje de hogares con inquilinos y ocupados por el dueño durante los últimos cinco años en áreas estadísticas metropolitanas en U.S.A”.

No se deje atrapar

El estudio reveló que durante los últimos cinco años, un alquiler típico aumento 15%, mientras que los ingresos de los inquilinos aumentaron solamente un 11 %. Si usted está alquilando actualmente, esta diferencia en aumento podría llegar a atraparlo en un ciclo donde el aumento constante en los alquileres continúa haciendo imposible para que usted ahorre lo necesario para la cuota inicial.

El inquilino promedio en los Estados Unidos paga 30 % de sus ingresos en la vivienda comparado con el 15 % que se espera que page un propietario de casa.

En muchas áreas metropolitanas el porcentaje de los ingresos que se gasta en la vivienda es aún más alto y continua aumentando cada año. Como en san Francisco, CA, donde el inquilino promedio gasta 59 % de sus ingresos mensuales en vivienda o cerca del 65 % en Boston, MA.

Los compradores de casa que pudieron comprar su casa durante el mismo periodo de cinco años aseguraron sus costos de la vivienda y tuvieron la capacidad de aumentar su patrimonio neto a medida que el valor de las viviendas ha aumentado y el balance de su hipoteca ha bajado.

Conozca sus opciones

Tal vez usted ya ha ahorrado suficiente para comprar su primera casa. HousingWire informó que los analistas de Nomura creen que:

“No es que los ‘millennials’ y otros compradores potenciales no califiquen en términos del puntaje del crédito o en cuánto han ahorrado para su cuota inicial.

Es que ellos piensan que no califican o ellos piensan que no tienen suficiente para la cuota inicial”. (Énfasis agregado)

Como informamos la semana pasada, más del 60 % de los ‘millennials’ que recientemente compraron una casa pusieron menos del 20 % con 36 % poniendo menos del 5 % de cuota inicial. ¡La casa de sus sueños puede ser más alcanzable de lo que usted se imagina!

En conclusión

No caiga en la trampa en la que están tantos inquilinos actualmente. Si usted está listo y dispuesto a comprar una casa, averigüe si está en capacidad de hacerlo. Que un profesional le ayude a determinar si usted es elegible para obtener una hipoteca.[:]

[:en]Don’t Get Caught In The Renter’s Trap[:es]No caiga en la trampa de los arrendatarios[:]

Don't Get Caught In The Renter's Trap | Simplifying The Market

[:en]There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. The National Association of Realtors (NAR) released their findings of a study in which they studied “income growth, housing costs and changes in ...

Continue Reading
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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.