There are many reason why people rent instead of buying a home. And, some of these reasons make sense.

Owning a home has been an important component of the American Dream, hence, the term, "Dream Home." However,
many renters, who are potential home buyers, are worried about their ability to buy a home and of the perceived
"complexity" of home ownership.

Some consumers would rather not deal with ("complexity") home repair, maintenance, property taxes, a  mortgage, and
other responsibilities. Many renters have rented for many years, some have move from home to home, and the cycle
continues. Rents have gone up, in many cases, greater than inflation. Would you be able to afford a rent increase
when your lease expires?

Buying a home has never been better in 30 years. Interest rates are still low and home prices have gone down in many
places. Ask me how you may be able to buy a home instead of renting.

Below is a snapshot view of a renter's payment through years of renting. As you can see a renter's payment adds up
quickly.
Renting Versus Buying a Home - A Dilemma for Many People
Hawaii Homes for Sale - Hawaii Real Estate
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Rent
 1 Year
 3 Years
 10 Years
 15 Years
 30 Years
$1,300
 $15,600
 $46,800
 $156,000
 $234,000
 $468,000
$1,600
 $19,200
 $57,600
 $192,000
 $288,000
 $576,000
$1,900
 $22,800
 $68,400
 $228,000
 $342,000
 $684,000
$2,200
 $26,400
 $79,200
 $264,000
 $396,000
 $792,000
$2,500
 $30,000
 $90,000
 $300,000
 $450,000
 $900,000
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Copyright 2006 Dom Ruiz Agorilla (RA), AHS, AHWD, e-PRO, GRI, RECS, SRES, 2006 & 2007 Aloha Aina REALTOR Award Nominee