I ran across this interesting article about how the Economic reality shifts thinking on homeownership. It made several great points about our current situation and the American dream about owning a home. Basically, times have changed. People are staying in their homes for longer before trying to sell them. Others are choosing to rent for longer, even when they could afford to buy.
This little tidbit caught my eye: "Legions of homeowners remain underwater on their mortgages or unable to move because they can’t sell their house." Also from the article "a recent report from Morgan Stanley found that
the U.S. homeownership rate has fallen below 60 percent when delinquent
borrowers are excluded, a sign of the country’s move toward a
'rentership society.'"
If this sounds like you, contact us. Whether you already own an income property, or need or want to move out of your current home but cannot sell it, call us! We can manage your property, find a quality tenant who will care for your property, and you can hold your house until you are able to sell it, and possibly make a profit in the meantime!
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