What would you tell your child, Rent or Own?

By Dave McKean

Saturday, March 9, 2019


This question was asked to a group of parents:
What would you tell your 25-year-old child to do?   Would you have them rent, continue to live with you, or purchase a house?  The answer to that question was simple and they all said they would want them to buy a house!  When asked why it was because they will make money or save money by owning a house!  Would you have them buy now?  That was also a yes!   As we discussed this further many of these parents felt that now was the best time to buy due to low interest rate programs, limited inventory, and of course high rents.  There are also some great first time buyer programs available and there is a decent amount of inventory to choose from at this time.  To be honest, if I asked the same question in October 2018, I think many would have had their kids sit tight and rent for a year or two.  I would have said the same thing, but 5 months later we are all very bullish on the Real Estate Market. 
 
How would you advise your child? If you would like more information about these programs, give us a call and we can help you make a game plan for owning a home this year.

Mike Meena
Augusta Financial
25129 The Old Road, Suite 350, Santa Clarita, CA 91381
Phone:  661-260-2970 Fax: 661-554-7121
Email - Mike@AugustaFinancial.com