Do you know how much rent you pay?
Whose mortgage do you want to pay...yours or your landlord's?
Assuming only a 5% annual return of inflation, you will have paid in rent the following:
| monthly rent | 3 years | 5 years | 10 years | 30 years |
|---|---|---|---|---|
| $17,023 | $29,835 | $67,919 | $358,770 | |
| $18,915 | $33,154 | $75,467 | $369,743 | |
| $20,807 | $36,469 | $83,011 | $467,002 | |
| $22,698 | $39,785 | $90,557 | $478,336 | |
| $24,590 | $43,100 | $98,108 | $551,936 | |
| $26,481 | $46,415 | $105,654 | $558,086 | |
| $28,373 | $49,731 | $113,201 | $597,949 | |
| $30,264 | $53,046 | $120,748 | $637,813 | |
| $32,156 | $56,361 | $128,294 | $677,675 | |
| $34,047 | $59,677 | $135,841 | $717,539 | |
| $35,939 | $62,992 | $143,388 | $757,403 | |
Surprised? What will you have to show for all this money after it's been spent?
NOTHING!
Rent receipts are worthless. Buy now before you waste any more of your hard earned money
paying your landlord's mortgage.
100% Financing, Down-payment Assistance, First time buyer programs, and more.
Equal Housing Opportunity
REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.