Importance of Good House Location

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RENTCONOMICS

“Why You Would Want To Have Your Own House”

Two man of the house named Savey and Smarty.

Savey believes in saving money. He believes that it’s better to save money first, and then later on buy a house in cash.

Smarty on the other hand also believes in saving money. But unlike Savey, Smarty also believes in investing.

One day Savey and Smarty browse around the Internet looking for a house. Savey and Smarty both works at Makati, has a family of two kids, and earning approximately the same pay grade.

Savey stumbled upon a nice rental property while surfing the web, a nice spacious house good enough for a family of four, 2 bedroom, and a car garage in nearby Cavite area. Savey immediately contacted the rental property. After some inspections, decided to get the place for P10, 000/mo.

Smarty, while searching the net also stumbled upon a nice 3-bedroom house with parking in nearby Cavite area. But unlike Savey, Smarty is looking for a brand new house and lot for sale. The house is worth P1Million. Smarty immediately contacted the agent (cavitehomes) and scheduled for a tripping. Smarty liked the place and immediately reserved for a unit. His monthly amortization is also P10, 000/mo.

After 20 years, Savey and Smarty are nearing retirement. Savey is still renting, but now his rent is P15, 000/mo because of escalation. Smarty on the other hand, has already paid-off his mortgage. The house is 100% his.

Smarty is very happy because he can now retire. He is secure. Has his own place with a little savings.

Savey on the other hand, was anxious and worried. Because when he retires, where would he get the money to pay rent? So even in old age, Savey was forced to work.

How would you like your future to be? Savey or Smarty. You Choose.

Stop Renting! Own Your Dream Home.

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