Renters: It is about to Get A Lot Worse

I know it may seem like 2015 is the year we keep harping on Renter's about buying a home.  It's only because the rental market is such a large segment of the Real Estate market, and the cost of rent keeps going up and up and up.

We often promote homeownership over renting when a family is ready, willing and able to purchase. There are both financial and non-financial benefits to owning a home of your own. Based on the headlines below, many news outlets agreed with us after they reviewed a recent report from the Harvard Joint Center for Housing Studies andEnterprise Community Partners.

The study states that the number of households spending 50% or more of their income on rent is expected to rise by over ten percent in the next decade. They concluded:

“Overall, this white paper projects a fairly bleak picture of severe renter burdens across the US for the coming decade.”

What do other experts think of the report? You can tell by the headlines they chose to introduce their stories:

“Renters, get ready to take it on the chin” - CNBC

“The Rent Crisis Is About to Get a Lot Worse” - Bloomberg Business

“Renters Will Continue to Struggle for the Next Decade” - World Street Journal

“Why the renting crisis could be about to get a lot worse” - Fortune Magazine

“Soaring rents are a problem that will only get worse” - Business Insider

“High rents are here to stay” - The Real Deal

Bottom Line

If you are thinking about buying a home and are financially positioned to do so, now may be better than later.  Let The J Team Fort Lauderdale help you with all of your Real Estate needs!  We can help consult you into qualifying to buy a home now rather than later, there are many solutions to help you buy a home from 3% down, student loan debt forgiveness, Credit Repair.  Contact The J Team Fort Lauderdale and schedule your homebuyer's consultation today! 954-235-3589

Search Fort Lauderdale Homes for Sale online at http://JTeamFL.com