[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fknxr9xym3md4":3,"$ffeh0925h8cuz":38,"$fbwk2pqjjqsc7":42},{"item":4,"previous":26,"next":32},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":24,"updatedAt":25},879,"be-careful-not-to-get-caught-in-the-rental-trap","Be Careful Not to Get Caught in The Rental Trap!","There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F07\u002F14121558\u002F20170801-Share-STM.jpg","There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>Don’t Become Trapped \u003C\u002Fstrong>\u003C\u002Fh4>\r\nA recent \u003Ca href=\"https:\u002F\u002Fwww.consumeraffairs.com\u002Fnews\u002Frents-continued-to-rise-in-june-071017.html\">article\u003C\u002Fa> by\u003Cem> ConsumerAffairs\u003C\u002Fem> addressed the continuous rise in rents, stating:\r\n\u003Cblockquote>\u003Cem>“The cost of putting a roof over your head continues to go up. Not only are home prices still rising, but \u003Cstrong>the cost of rent rose 0.5% in June\u003C\u002Fstrong>.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nAdditionally, in the \u003Cem>Joint Center for Housing Studies\u003C\u002Fem> at \u003Cem>Harvard University’s \u003C\u002Fem>\u003Ca href=\"http:\u002F\u002Fwww.jchs.harvard.edu\u002Fresearch\u002Fstate_nations_housing\">\u003Cem>2017 State of the Nation’s Housing Report\u003C\u002Fem>\u003C\u002Fa>\u003Cem>,\u003C\u002Fem> it was revealed that,\r\n\u003Cblockquote>\u003Cem>“Despite a slight improvement from 2014, fully one-third of US households paid more than 30 percent of their incomes for housing in 2015. \u003Cstrong>Renters continue to be more likely to face cost burdens\u003C\u002Fstrong>…the number of cost-burdened renters (21 million) considerably outstrips the number of cost-burdened owners (18 million) even though nearly two-thirds of US households own their homes.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThese households struggle to save for a rainy day and pay other bills, including groceries and healthcare.\r\n\u003Ch4>\u003Cstrong>It’s Cheaper to Buy Than Rent \u003C\u002Fstrong>\u003C\u002Fh4>\r\nAs we have previously \u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F06\u002F19\u002Fbuying-is-now-33-1-cheaper-than-renting-in-the-us\u002F\">mentioned\u003C\u002Fa>, the results of the latest \u003Cem>Rent vs. Buy Report\u003C\u002Fem> from \u003Cem>Trulia \u003C\u002Fem>shows that \u003Cstrong>homeownership remains cheaper than renting \u003C\u002Fstrong>with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.\r\n\r\nThe updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and \u003Cstrong>33.1% nationwide\u003C\u002Fstrong>!\r\n\u003Ch4>\u003Cstrong>Know Your Options\u003C\u002Fstrong>\u003C\u002Fh4>\r\nPerhaps you have already saved enough to buy your first home. A nationwide \u003Ca href=\"https:\u002F\u002Fwww.apartmentlist.com\u002Frentonomics\u002Famerican-dream-homeownership-delayed-millennial-generation\u002F\">survey\u003C\u002Fa> of about 24,000 renters found that \u003Cstrong>80% of millennial renters plan to eventually buy a house\u003C\u002Fstrong>, but 72% cite affordability as their primary obstacle. Aside from affordability, \u003Cstrong>one in three millennial renters have concerns about their credit scores,\u003C\u002Fstrong> and another \u003Cstrong>53% said that a down payment is an obstacle\u003C\u002Fstrong>.\r\n\r\nMany first-time homebuyers who believe that they need a large down payment may be \u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F06\u002F07\u002F69-of-buyers-are-wrong-about-down-payment-needs\u002F\">holding themselves back\u003C\u002Fa> from their dream homes. As we have reported \u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F04\u002F24\u002Fhow-fast-can-you-save-for-a-down-payment\u002F\">before\u003C\u002Fa>, in many areas of the country, a first-time home buyer can save for a 3% down payment in less than two years. You may have already saved enough!\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nDon’t get caught in the trap that so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Let’s get together to determine if you can qualify for a mortgage now!","\r\nDon’t get caught in the trap that so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Let’s get together to determine if you can qualify for a mortgage now!",false,[16,20],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers","2017-08-01T10:00:57Z","2017-07-17T17:21:36Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":14},878,"buyer-demand-continues-outpacing-the-supply-of-homes-for-sale","Buyer Demand Continues Outpacing the Supply of Homes for Sale","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F07\u002F26172652\u002FSTM-Share.jpg","2017-07-31T10:00:29Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":14},880,"do-your-future-plans-include-a-move-whats-stopping-you-from-listing-now","Do Your Future Plans Include a Move? What's Stopping You from Listing Now?","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F07\u002F19085225\u002F20170802-Share-STM.jpg","2017-08-02T10:00:04Z",{"cover":39,"open":40,"shareSpread":41},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[43,47,48,52,56,60,64,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153],{"id":44,"name":45,"slug":46},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":49,"name":50,"slug":51},6,"For Sellers","sellers",{"id":53,"name":54,"slug":55},7,"Foreclosures","foreclosures",{"id":57,"name":58,"slug":59},8,"Infographics","infographics",{"id":61,"name":62,"slug":63},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":66,"name":67,"slug":68},34,"Senior Market","senior-market",{"id":70,"name":71,"slug":72},35,"Mortgage Rates","mortgage-rates",{"id":74,"name":75,"slug":76},38,"Move-Up","move-up",{"id":78,"name":79,"slug":80},41,"For Sale by Owner","for-sale-by-owner",{"id":82,"name":83,"slug":84},42,"Featured","featured",{"id":86,"name":87,"slug":88},45,"New Construction","new-construction",{"id":90,"name":91,"slug":92},52,"Luxury \u002F Vacation","luxury--vacation",{"id":94,"name":95,"slug":96},53,"Rent vs. Buy","rent-vs-buy",{"id":98,"name":99,"slug":100},80,"Time-sensitive","time-sensitive",{"id":102,"name":103,"slug":104},81,"Outdated","outdated",{"id":106,"name":107,"slug":108},147,"Internal","internal",{"id":110,"name":111,"slug":112},148,"Do Not Autopost","do-not-autopost",{"id":114,"name":115,"slug":116},320,"Inventory","inventory",{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]