New Listings And Sales In Osprey Cove

STATUS	Number	Street	List Price	List Date	Off Date	Market Days
Active	399	Quail Ct	$        750,000	10/29/2014		6
Active	116	Angler Ln	$        389,900	11/1/2014		3
Active	90	Providence Park Cir	$        325,000	10/21/2014		13
Under Contract	1057	Greenwillow	$        425,000	8/6/2014	9/18/2014	43
Under Contract	554	Cardinal Cir	$        369,000	6/1/2014	7/17/2014	46
Under Contract	1621	Sandpiper Ct	$        229,000	8/16/2014	9/10/2014	25
Under Contract	405	Morning Glory Rd	$        200,000	5/2/2014	10/15/2014	166

Either Way You Are Still Paying A Mortgage

Either Way, You’re Still Paying a Mortgage Posted: 04 Nov 2014 04:00 AM PST  There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s. As a paper from the Joint Center for Housing Studies at Harvard University explains:  “Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.” Also, if you purchase with a 30-year fixed rate mortgage, your ‘housing expense’ is locked in over the thirty years for the most part. If you rent, the one guarantee you will have is that your rent will increase over that same thirty year time period. Unless you are living with your parents rent free, you are paying a mortgage. #KCM2014 Click To Tweet - Powered By CoSchedule As an owner, the mortgage payment is a ‘forced savings’ which will allow you to have equity in your home you can tap into later in your life. As a renter, you guarantee the landlord is the person with that equity. Bottom Line Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting since home values and interest rates are still at bargain prices.W