September 2018

Found 2 blog entries for September 2018.

Blog photo - millionaire advice to millennials - www.johnsabia.com

Owning Your Own Home May Help You Retire Sooner

Millionaire's advice to Millennials - David Bach, A self-made millionaire who has written 9 consecutive New York Times bestsellers, was featured in an article in CNBC saying, "Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off."

Mr. Bach suggests that homebuyers should, "Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, 15 years."

Here is the secret on how to achieve this: Mr. Bach says, "if you were paying $1,000 a month, how you're going to make $1,100 payments eery month. Inform the bank that you are doing this and that you want the extra $100 to be applied to the

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blog photo buying vs renting on www.johnsabia.com

 Buying Now Is 20%+ Cheaper Than Renting

The most recent findings in the Rent vs Buy Report from Trulia report that owning a home is still cheaper than renting, with a traditional mortgage (fixed 30-year), in 98 out of the 100 largest metropolitan locations in the country.

Going back six years since this study first began, owning has been consistently less expensive than renting.

The two exception metro areas where renting is still cheaper are San Jose and San Francisco, California, where median home prices have skyrocketed to more than One Million Dollars this year. Home values in San jose have increased tweny-nine percent in the last year, while rental values have stayed the same.

For the 98 metro locations where homeownership is

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