RSS

Homeownership isn't a shortcut to wealth...it's a Long Game

In a world of streaming and Amazon Prime, we have gotten used to instant gratification.

So it's no wonder some first time home buyers hesitate before investing in real estate.

"I mean, aren't things really expensive right now?"

"Shouldn't I wait until interest rates go down?"

"My rent is about the same as my mortgage payment would be and I don't have to fix any broken appliances."

I get it. Instant, short term, quick wins are very tempting (and in a lot of cases, great options!)

But homeownership isn't a short game. It's not a shortcut to wealth. It's a long game.

You may not feel "wealthy" six months in...2 years in...or even 5 years in. But over time your home value will most likely appreciate significantly.

In fact, according to the Federal Housing Finance Agency (FHFA), in the last 30 years, home price appreciation has increased nationally at an average of almost 300%!!! This is why it's hard to find someone who regrets buying a home 30-20-even 10 years ago!

So what does this mean for you if you only plan on living in your home for 5 years?

Don't worry, this is for you, too!

The money that you make when you sell your house after five years can be rolled over and put down on your next house...and so on and so on, so no home purchase is ever in vain. It all leads to long-term wealth.

Stick to Amazon Prime and Netflix for your short game and invest in real estate for the long game.

Please reach out if you have any questions

Read

Latest Blog Posts

I have sold a property at 114 100 Auburn Meadows MANOR SE in Calgary
Sold Listings

I have sold a property at 114 100 Auburn Meadows MANOR SE in Calgary

I have sold a property at 114 100 Auburn Meadows MANOR SE in Calgary on Jun 24, 2024. See details here Welcome to lakeside living in ...

READ POST
New property listed in Airdrie, Airdrie
New Listings

New property listed in Airdrie, Airdrie

I have listed a new property at 757 Windrow MANOR SW in Airdrie. See details here RARE OFFERING! Luxurious Living in South Windsong, ...

READ POST
I have sold a property at 412 304 Cranberry PARK SE in Calgary
Sold Listings

I have sold a property at 412 304 Cranberry PARK SE in Calgary

I have sold a property at 412 304 Cranberry PARK SE in Calgary on Jun 17, 2024. See details here Step into this meticulously cared-for ...

READ POST
I have sold a property at 452 78 AVENUE NE in Calgary
Sold Listings

I have sold a property at 452 78 AVENUE NE in Calgary

I have sold a property at 452 78 AVENUE NE in Calgary on Jun 14, 2024. See details here Located in the sought-after community of Huntington ...

READ POST
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.