by kramoltz@hotmail.com | May 18, 2016 | Home Ownership, Renters and Renting
A study of renters by Fannie Mae revealed the top 3 reasons that they were renting: a. 57% said it allows them to live within their budget; b. 52% said its less stressful; c. And 50% believed its the best decision given the current economic climate. Next: Part 2 of...
by kramoltz@hotmail.com | Aug 31, 2015 | Home Buying
1. The price is right. Although overall median prices have risen, most of that increase is at the low end, and not in higher priced areas such as Scottsdale or Paradise Valley. 2. It’s cheaper to buy than rent in the Phoenix metro area, and in nearly every other...
by kramoltz@hotmail.com | Feb 28, 2015 | Renters and Renting, Taxes
Do you rent out real estate in Arizona? Are you a landlord with tenants in a former or second home in the Phoenix metropolitan area? If so, the government has imposed a new, controversial and burdensome tax requirement that will increase your record keeping duties...
by kramoltz@hotmail.com | Feb 6, 2015 | Home Buying, Renters and Renting
In 2011 I wrote about the advantage of buying a home over renting one. It was based on a report of the greater Phoenix area prepared by local analyst Fletcher Wilcox of Grand Canyon Title in 2010. It analyzed whether it was cheaper to pay rent or pay a mortgage on a...