A group of researchers at Florida International University recently finished a study that compared the long term economic advantage of buying vs. renting. The study looks at the "hurdle rate," that looks at whether a person would accumulate more wealth by purchasing a home or investing money elsewhere. In all 23 markets they studied, they found that buying a home was more advantageous.
Here is a quick video summary of their findings.
If you're ready to buy a home, give me a call (360-977-8329) or start searching properties at www.johnblomhomes.com
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