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August 24, 2016



I wanted to give you a little breakdown of the home buying process and why now is such a great time to buy in Boston.

I read the other day that the average net worth of a homeowner is 36 times greater than the average net worth of a renter. It's also expected that this gap will expand to 45 times greater in 2016.

There are many reasons why, but simply put, homeownership is a form of forced savings. Every time you make a mortgage payment, remember, you're just contributing to your net worth. If you're currently renting, it might be painful to think that you're contributing to your landlord's net worth.

Homeowners have a net worth 36x higher than renters.

Rental rates have skyrocketed this year, up 3.8% year over year, marking the largest increase since 2007. Buying a home offers you stability. With a fixed rate, you can take comfort in knowing that your mortgage paymen
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