Dallas Rental Prices Increase
Why Rent Is So High
Supply and Demand. It's a simple as that. Rental prices are directly reflected by the housing market. Housing prices are completely outrageous right now. The supply is very limited. With limited supply demand increases and that creates competition. Competition drives up the prices.
That in turn makes more people turn to renting and creates a rental demand and that starts the cycle for rent increase for the same exact reasons. Nonetheless, if you're in a position to buy, let me show you why it's better for you in the long run.
Rent Is Throwing Money Away- I really hate this saying
Each time I hear this saying it's like an old-school teacher dragging her nails across the chalkboard. The saying if you're renting you're just throwing money away or you're just making your landlord rich. To me it's a demeaning statement and it lacks intelligence if the person that's saying it can't break it down and explain the true financial ramifications renting.
Technically, you're not throwing money away. You're trading money for a place to live. If that saying was true, we'd be throwing money away when we buy food or gas because all that money is going towards someone else's pocket and we keep doing it over and over again.
In the video below, I explain what people are really trying to say when they say you're throwing away money. Click the video and subscribe to our channel. This video will definitely make you want to at least look at buying a home.
Need More Information?
If you're struggling to decide whether it's better to rent or buy a home, I've got some great news for you. Let me show how much wealth can actually be generated by purchasing and owning your own property in today’s market! Fill out the form below so we may calculate what sort of return on investment could potentially exist if investing through buying rather than renting - not even taking into account all those other benefits like equity building too 🙂
Not to mention, we'll help you get pre-approved with LTI Mortgage. LTI Mortgage does FHA, Conventional, Jumbo and just about every loan you can think of. Not to mention, they have some of the lowest rates in the business. Allow us to help you purchase your home and start building wealth for your family.