Find the facts here.
Rent it, own it, or invest in it – the state of us property
For those who pay attention to these kinds of things, Maslow’s Hierarchy of Needs places shelter in the first category, along with other important requirements like air, water, food, sleep, clothing, and reproduction. Until these basic requirements of life are met, it’s hard to make progress on more refined pursuits.
And even after you progress to the second level, you run into the concept of property and ownership. Face it. Part of being human is staking out a spot on this planet to call your own, even if only on a temporary basis.
From a dingy cave in ancient Mesopotamia to a snazzy mansion in the Hollywood Hills, shelter, and by extension, the property attached to it has been a pretty big deal. That never changes and neither do the questions:
How much does it cost to rent an apartment in my city?
Should I consider buying a house?
If I buy an investment property, will I have trouble keeping it rented?
While statistics can be boring, they can also paint a vibrant picture. Whether you’re looking to rent, own, or invest in property, don’t do it until you take a look at our statistical breakdown below.
It might prevent an expensive mistake.