The Power Is Now Magazine | November, 2021

Page 39

By Johnnie Morine

Here’s How to Prepare Yourself for Homeownership While Renting

only makes them poor and more exposed to the risk of being evicted for no reason at all.

43.3 million people/households in the United States are renters!

Let’s get started.

According to data from Apartment List, this number has risen from 34.6 million just before the Great Recession, and therefore, this means that the total market share of the US renting market is about 36.6%. And it makes sense why renting is a popular option for many people. But, what most people don’t realize is that renting WWW.THEPOWERISNOW.COM

WHY MOST PEOPLE PREFER RENTING I’ve decided to start this article at a more familiar place why YOU preferred renting over buying your own home. Renting is easy. I get this a lot every time I sit down with my clients, asking them why it took them so long to become homeowners, and every time, I get the same answer, renting is more manageable. Buying a home is a big decision that clogs both your financial and emotional status. And more often than not, many people are afraid of going through that roller-coaster. l

39

123rf.com

Can you believe that?

After all, they do not own the property, and their ‘survival’ is at the mercy of their landlord! Therefore it is time to take ownership of your life? But how do you do that? I will show you a few tips to prepare yourself for homeownership while still renting.


Turn static files into dynamic content formats.

Create a flipbook

Articles inside

Thanksgiving Day

5min
pages 134-138

Veteran’s Day

3min
pages 132-133

The Role Of Lenders in Increasing Minority Homeownership

14min
pages 120-125

Here’s how to help your kids cope with a move, by Joe Fisher.

4min
pages 113-115

Analysis: Two Months After Moratorum’s End, How is the Foreclosure Activity

3min
pages 118-119

National Epilepsy Month

2min
pages 130-131

Why is it mandatory in California when you finance a house to get insurance?, by Success Money.

3min
pages 109-112

National American Indian Heritage Month

9min
pages 126-129

L.A’s topmost affordable neighborhoods, by Adrian Bates.

6min
pages 105-108

Four Legal Problem Areas In Real Estate

5min
pages 116-117

Fireproofing your house in Whittier, by Briana Frazier.

4min
pages 101-104

Tips For Buyers: Are You asking Your Agent all the right questions?, by Cornelius Jackson.

6min
pages 81-84

San Diego Housing Market Statistics for Q4, 2021, by Denise Matthis.

4min
pages 93-96

How to avoid falling victim to fraudsters in the homebuying process, by Danon Burnside.

4min
pages 89-92

Meet Alana McCargo, President of Ginnie Mae.

10min
pages 74-80

How to get a good deal during the holiday season, by Robert Langston.

3min
pages 97-100

Real estate market update: A Snapshot of Corona Housing Market, by Jenny Gonzalez.

4min
pages 85-88

The True cost of selling a house (What’s your net?), by Ruby Frazier.

5min
pages 71-73

Here are some of the things that will affect your home’s resale value, by Kamesha Keesee.

6min
pages 67-70

Arizona Housing market Insights for Q4 2021, by Peggie Simons.

5min
pages 63-66

5 red flags Veterans and Military homebuyers in Arizona should watch out for when buying a home, by Yvonne McFadden.

5min
pages 59-62

Which mortgage is right for you? Part Two. Understanding the Types of Mortgage Terms, by Sharon Bartlett.

5min
pages 43-48

What do you do when you have multiple offers (and are all good?), by Adriana Montes.

7min
pages 53-58

Here’s how to prepare yourself for homeownership while renting, by Johnnie Morine.

6min
pages 39-42

Commercial Real Estate in the Digital Age: Is Customer service as important, by Steve Peterson.

3min
pages 31-34

How to value your home accurately in San Francisco, by Norman Green.

6min
pages 35-38

Do you know how to spot a rental assistance scam in Maryland?, by Emerick Peace.

2min
pages 49-52

Some words on Dave Shappelle, by Gary Acosta.

7min
pages 26-30

Re-imagining Rural America: Reviving Our Communities by Tapping and Leveraging Community Assets

2min
pages 18-19

Clubhouse 101: A Real Estate Agent’s Guide to the Newest Social Networking App

2min
pages 24-25

California’s High Cost of Housing: Cost and Consequences to the Economy

3min
pages 14-15

PropTech: Does The Industry Fully Understand The Massive Potential of this

2min
pages 22-23

Survey: How Have Landlords Survived During The Pandemic?

3min
pages 16-17

Tech On Climate: Facebook’s New Sustainability Goal To Restore more water than it uses by 2030.

3min
pages 10-13

Changes to the GSEs Capital Rules and How they AFfect the Lending Landscape.

2min
pages 20-21

California’s Climate Change War: Almost Lost it....But The State Is Back On Track!

3min
pages 8-9
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.