Rental Rates are going up, Up, UP in Long Beach… You might as well BUY!
Posted by Ricardo The Realtor
Rental Rates are going up, Up, UP in Long Beach … You might as well BUY!
Rents are going up Up UP!
Per City News Service / Patch.com :
Apartment-dwellers in Los Angeles and Orange County can look forward to triple-digit increases in their rent over the next two years, thanks to growing demand and low vacancy rates, according to a USC report released today.
According to the study prepared by Beacon Economics for the USC Lusk Center for Real Estate, average rents are expected to jump over 2015 levels by $109 in Los Angeles County and $149 in Orange County by 2018. In the Inland Empire, average rents are expected to jump by just $84, but in San Diego County, renters can expect a $155 hike.
The rent hikes and continued high demand are in spite of more than 38,000 new apartments being planned across the four areas, according to the 2016 USC Casden Multifamily Forecast.
How much longer can you afford to pay RENT?
Here are 5 SOLID Reasons to STOP Renting and BUY your own house.
1) BUILD EQUITY!
Consider the amount of equity that you could have already built. How much equity can you build in the next 2, 5 or 10 years? Equity builds as you pay down your mortgage and your property appreciates.
2) STOP THROWING AWAY MONEY!
The money you have been paying each month as rent is building your landlords equity. When you move, you do not see a dime of this money. Rather than pay your landlord’s mortgage each month, put the cash to work for you in your own home.
3) STABLE PAYMENTS.
Landlords determine how much you pay each month, and they can increase the rent at their leisure. But if you get a fixed mortgage loan, your home loan payments remain the same for as long as you own that home. You no longer have to worry about rent increases, or move because you cannot afford a higher rent payment.
4) MORTGAGE RATES ARE HISTORICALLY LOW!
Super low mortgage rates will not last forever. If you have ever considered buying your own home, purchasing now can result in a cheaper loan rate and lower monthly payment. As a result you will get more house for your money.
5) YOU CAN QUALIFY!
If you have a high credit score, sufficient income & you meet a lenders other requirements, there is no reason to throw away money each month. Buying your home is not a complicated process when you are walked through the process by our team.
We can get you on the road to home ownership. We have plenty of clients that have realized their first home purchase. They would be more than happy to speak to you about their experience and let you know how happy they are that they made the decision to cut the ties of renting and bought their own home.
For all of your Real Estate needs & more… Call Ricardo the Realtor.
562-533-4003 or RTR@RicardoTheRealtor.com
About Ricardo The Realtor"For all of your Real Estate needs & more, call Ricardo the Realtor." Long Beach Real Estate Agent Top Team, Ricardo The Realtor. By having multiple professionals in our group we are able to always be there for you when you need us. Our TEAM of Realtor's outperform the individual agent. Selling your home? We utilize proven marketing techniques to obtain you the highest & best offer for your home. Gone are the days of placing a sign in your lawn, ad in the local newspaper & inputting the info into the MLS. We use todays technology- via customized online marketing, our very own mobile app to get your home the exposure it requires to get you the best price. We market your home not only locally but world wide on our site that is translated over 19 languages. We can show you how our tech savvy approach will make a world of difference when we sell your home. Marketing at a much higher level is what we specialize in. Buying your home? Driving around looking at For Sale signs is NOT the way to buy a home & allow us to tell you why. The "Listing Agent" already has a fiduciary duty to his client - The Seller. That agent has to get the highest price for their clients home. As your Buyer Realtor Team we look out for you, the Buyer. We are in your corner making sure your interests are 1st. Our Real Estate Agents follow a proven strategy that works. Your Top Long Beach Real Estate Agent Team is committed to providing you with the dedication to detail & client service you deserve. For all of your Real Estate needs & more. Call Ricardo The Realtor. If you, your family, your friends,co-workers and neighbors are looking to buy or sell your home please call us today 562.533.4003 for all of your real estate needs. "Our TEAM always outperforms an individual."
Posted on April 14, 2016, in Buy Your New Home, Lifestyle, Selling Your Home and tagged 90802, 90803, 90806, 90807, 90813, 90814, 90815, Alamitos Heights Homes, Belmont Heights Homes, Belmont Park Homes, Belmont Shore, best realtor, Bluff Park, buying your home, first time home buyer, homes for sale, investment, Lifestyles of Long Beach, Long Beach Homes For Sale, long beach real estate, Naples Island Homes, open house, realtor, Ricardo The Realtor, Spinaker Bay Homes, The Peninsula Homes, virginia country club, Wrigley Heights Dog Park. Bookmark the permalink. Leave a comment.
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