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Renting Burns Money

Average Home Prices (US)

Avg. Rent in LA

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Appreciation: House values always go up

Although house values may drop momentarily, they always trend up. Even those who had home prices fall after the '08 recession are already above the 2007 numbers.

 

Equity: When you pay rent, that is money you will never see again.

The average rent in Los Angeles (as of August 2017) is $2,490. With rent going up in LA, you could spend over $31,000 a year on rent. That is money that will not come back to you. The owner of the property is the one benefiting. In many cases, a mortgage payment could be comparable to your monthly rent. 

 

Stability: a place to call home.

Remaining in the same home over a long period of time is essential to building relationships in your community and offering your children educational and social consistency. With home ownership, you can raise a family, connect with your local PTA, and walk around your neighborhood never having to worry about rising rent.

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