Rent or Own Either Way, You’re Still Paying a Mortgage


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We have all meet a person that has not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with our parents rent free, you are paying a mortgage, whether it is your mortgage or your landlord’s. Call Craig Adelman today at 303.809.8979.

As Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

Also, if you purchase with a 30-year fixed rate mortgage, your ‘housing expense’ is locked in over the thirty years for the most part. With Denver’s rental market If you rent, the one guarantee you will have is that your rent will increase over that same thirty year time period if it hasn’t already been increasing since the past four years. Call Craig Adelman today at 303.809.8979.

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since prices and interest rates are still at bargain prices. Do not wait much longer! Call Craig Adelman today at 303.809.8979.

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