7 Reasons WHY GenX choose Remain Renters…Alternative?

Homeowner 4

First, it is easy for GenX to budget for rent each month.  They would not face with any surprised up-keeping cost such repairing a washer machine or air conditioner.  Forty-one percent of Generation X decides to rent instead of buying house to build its equity.  Gallup poll also found the percentage of people own home has dropped to 61%, which is the lowest figure in more than a decade.

Second, some GenX and Millennials face with heavy debt from their undergraduate degrees coupling with soft job market.  This is also a reason deferring homeownership.

Third, the prices of house have increased more than income levels in last two years.

Fourth, GenX refers a mobility rather than a long term commitment on the homeownership.

Fifth, the homeowner could lose their equity on the house based on a last recession.  The house prices have dropped more than 50% in many areas.  This fact scared many people.

Sixth, when Gen-ers ready to purchase a house, there is a lack of affordable housing in numerous cities and neighborhoods.  In fact, smaller quantity of moderate price ranges for new houses is also a restraining.

Seventh, the prices of homes are predicted to continue increasing.  Buyer would not want to buy at the highest price.

LeaseOption 2

Alternatively, GenX can explore a lease option to purchase or Rent-to-Own.  This purchase strategy would:

  1. Provide fixed costs while they live in a single-family home
  2. Provide a mobility option if they would not exercise their purchase option
  3. Lock-in a future price when they exercise their option

For further discussion, please sign-in for free consultation

Resources at Amazon Corner: (**Take additional 10% discount for all first time buyer)

  1. How to Buy Real Estate without a Down Payment in Any Market: Insider Secrets from the Experts Who Do It Every Day
  2. The 7-Step Lease Option Refinance Strategy: How to Profit in Real Estate with Minimal Risk
  3. Move in Now Buy Later: How You Can Have a New Home without Perfect Credit or Tons of Cash
  4. Rent to Own Essential Guide for Homebuyers: The Key to a Fresh Start and Richer Future

Related Article

6 Things to Know Before You Sign a Rent-to-Own Contract

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.