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ENG Properties, San Diego, California - Is it Better to Own or Rent in San Diego

A question that comes up among tenants renting in San Diego, frequently, is “Is it better to own your home, or rent?”

Sometimes the decision is more "lifestyle" related. We are all attracted to some things, and fearful of others. We like the words "Tax break" and "Appreciation" and we fear "Commitment" and "Obligation".

In reality, everyone needs a roof over their head, so "Commitment" and "Obligation" are pretty much part of our daily lives, whether we think so or not. What about "Tax Breaks" and "Appreciation"? Did you know that most wealth creation has come in the form of equity earned, over time, in real estate appreciation? One thing seems to be clear, based on experience, home ownership carries with it great tax benefits, and particularly in San Diego County, a home is not only the roof over your head, but may well be the largest "nest egg" investment most of us will ever make. There is little question that this market has all the qualities that work in your favor as a buyer. Low interest rates, and low property values make this a unique moment in the real estate business. Advantage BUYER!

No matter which perspective best suits you, it would be a good idea to find out what your real options are. If you wanted to, COULD you buy? If you wanted to, COULD you qualify for a loan? It's always best to know where you stand. It makes decisions more sound. If you have any interest in seeing if now is the right time for you to become a San Diego home owner or investment property owner, please give me a call. Our staff at ENG Properties is focused on assisting you in all ways 'real estate'. You may reach me at 619 574-0259 or email me at Matt@ENGProperties.com. Let's work together to find out what your future holds. Feel free to visit our "For Sale" site