Affordable renting is becoming more and more practically helpful new approach in US among NRIs. US has shown tremendous progress in terms of house constructions and with villas to duplex apartments , there is place for all luxury living here. But with the value of Dollar going up, and home prices shooting high in US a change for better coming up now as the rates of houses are increasing the new thought coming up is, is it worth purchasing a home?
There was a time when people used to dream of owning a home. This was the biggest and first dream every newly married couple would have, that is to have a roof over your head. Be it a one room kitchen, a two room kitchen or a two bedroom hall kitchen or a bigger flat, everyone just had to have a home of own.
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| Affordable Housing Renting in US |
The west has been showing constant change in values and progress financially and as we all know buying a flat in the United States or any foreign country is so expensive people prefer staying on rent. There are so many advantages in this as they save on the commitment of a home loan and since the pressure of repayment is not there they can enjoy their income and save accordingly. And as the situation changes they can shift to another locality. Even in Mumbai the same trend is going on and as homes have become unaffordable in elite areas and buying a home on home loan is becoming more and more of a dream unreachable.
Let us try to understand this new concept in home living. Since homes cost very high and your life's most precious years go in the tied down feeling when you are bound with the repayment of a huge home loan, people in the US are trying this new age mantra. The sum amount of a home price is too big and when you invest this sum you are assured of some income every month when invested in a good financial institution.
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| Home Rates US |
A good financial consultant or financial planner can help you to plan your life according to the finances available. Since the future is unpredictable people are getting scared to commit for say 15 to 20 years ahead with a home loan.
The policies are changing and the rules for lending and borrowing are changing constantly in the US and it is always understood that borrowers are always at the receiving end for any changes and they have to shell out the extra money to balance any changes in rules on loans.
So now people are accepting the way of living of the west. The culture of living in rented apartments is the latest trend going on and as many upper end companies offer good home rent it is also very easy and convenient. You save your precious finances that come into your home every month in form of monthly income and also an important part is that there is no burden of a home loan that is hanging constantly over your head!
With renting people are free to choose the best locality near their work place offering posh luxury homes with fully furnished and having latest amenities on rent.
It does work out fine if you are not attached with the dream of owning a home. You save every month the amount that would go into your home loan and invest this amount in a fruitful venture or investment option.
so just enjoy! when your home owner increases the rent move on!
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