Recently I posted an article on our website -according to the MSN study, the Sarasota-Bradenton area was one of the few places in the country that it now made more sense to BUY real estate vs. RENTING.
Hey! I was only the messenger! But I did get some flack for promoting the "hype" - trying to get people to buy homes was my only motivation, according to the critics.
Well, this week a friend of mine closed on his home. At the closing table, he made a remark that perked up my ears - "The monthly principal and interest on my loan is $150 less than the rent I have been paying!"
What's that? His new, spacious 3 BR home on a lake was going to cost him less per month than his 2 bedroom apartment...and he would be building equity in a long term investment. That is not to say every Sarasota real estate purchase would garner that result - you have to be smart.
But sometimes, hype is not hype at all - simply a voice in the wilderness, going against the grain perhaps, but speaking the truth nonetheless.
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