08 Jan Holly Walther Lending Team Fun Fact Friday Buying Vs Renting Assets
Holly: Hey guys, happy Friday. It’s Holly and, well, our little stand-in for little miss Daisy for this week’s Fun Fact Friday. Daisy’s super sad that she can’t be with us. But she’s at the groomer, and that’s better for me and my family as we move into the weekend with her. But guys, last week we started talking about the benefits of home ownership and how most people out there don’t realize how they’re really making their landlord rich by paying them rent. They are building the landlord’s equity. They’re building their wealth, but they’re not really focused on their personal wealth.
So this week we wanted to talk about, you know, when looking at a home, I hear people every day, they say, I can’t afford a house, but they drive a $60,000 sports car with an $800 car payment. Let’s talk about assets. Your home is the biggest asset you’ll ever purchase. You just want to appreciate and value of course, subject to market contractions and market volatility. But that car that you don’t think twice about, it’s depreciating. The second you drive it off the line. And I don’t know about you, but if you’ve purchased a car lately, it is more expensive than buying a house. Let me tell you that. It’s also more stressful, and they make you sit there way longer than we’ll ever make you sit in our office here at Holly Walther lending team.
So your fun fact Friday is really think about where you’re putting your money. Are you sitting there telling yourself you can’t afford a house when you most certainly can? And reframe your mind to think about your house as an asset. It’s something that every time you make a mortgage payment, you’re building equity. You’re building wealth. Not only for yourself; for your children and for anyone else in your family that is close to you. So there’s this week’s Fun Fact Friday, if you have any specific questions, please feel free to reach out, and have a great weekend.