I know this news is going to blow some of you away! But I help Dendrites every day who at the end of the day squeal with delight that their mortgage (the whole shabang principal, interest, taxes, and insurance) are less than their rent. Talk about a great investment! Here’s how the numbers boil down:
The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.
Buying costs are significantly less than renting costs.
The percentage of income needed to afford a median priced home is less than the historic norm.
If you’re not sure if renting or buying is better for you in Denver, lets grab a cup o joe and chat about your individual circumstances to see what would be better both short and long term. I’m not out to earn your business with a bunch of hyped up lies but I’ll let you know what I see in the market every day, what I believe is a good investment for your situation, share some success stories, and in the end…Earn your business whether it be now or later with honest information.