Rent vs. Buy

March 3, 2023

Housing Costs a Big Burden on Renters

Is renting a home beneficial to you?

In mesa County, the answer to that headline would most likely be no. The average percentage of renters household annual income spent on rent is about 30%. Compare that to homeowners annual income spent on a home at 21%. Couple that number with ...

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Posted in Rent vs. Buy
Nov. 14, 2022

Time to Buy?

The U.S. Homeownership Rate Is Growing

The U.S. Homeownership Rate Is Growing | MyKCM

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year:

The U.S. Homeownership Rate Is Growing | MyKCM

That data shows ...

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Posted in Rent vs. Buy
Nov. 9, 2022

Do what you can to own!

Avoid the Rental Trap in 2023

Avoid the Rental Trap in 2023 | MyKCM

If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true ...

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Posted in Rent vs. Buy
Nov. 2, 2022

Not just a dream come true.

Homeownership Is an Investment in Your Future

Homeownership Is an Investment in Your Future | MyKCM

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out. As Bob Broeksmit, President and CEO of ...

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Posted in Rent vs. Buy
Oct. 17, 2022

Exciting to own a home!

The Emotional and Non-financial Benefits of Homeownership

The Emotional and Non-financial Benefits of Homeownership | MyKCM

With higher mortgage rates, you might be wondering if now's the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just ...

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Posted in Rent vs. Buy
Oct. 7, 2022

Something to Think About

Should You Still Buy a Home with the Latest News About Inflation?

Should You Still Buy a Home with the Latest News About Inflation? | MyKCM

While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations ...

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Posted in Rent vs. Buy