Trends in home prices today in Cardiff, Encinitas, and Carlsbad plus mortgage rates, combined with the tax advantages of home ownership make this an excellent time to think about buying a home. Prices along the coast of the North County area have come down dramatically in the last year. Values in Carlsbad are particularly good for buying a home right now. Even prices in Encinitas west of Highway 101 have come down.
If you’re thinking of buying a home in Cardiff, Encinitas, or Carlsbad, you are probably asking yourself — Can I afford to buy a home right now? Another good question to ask yourself is – Can I afford to continue renting? If you’re currently renting in Cardiff, Encinitas, or Carlsbad, no matter what you’re currently paying for rent, your total cash outlay over a period of several years will probably add up to a much higher total than you may have realized. You can calculate how quickly the rent payments you make will add up and figure out what this money would earn invested at 5 percent interest in a home.
With the money you are currently spendinig on rent, you could buy a home and be building equity in a property in Cardiff, Encinitas, or Carlsbad. Keep in mind, too, that over the years your income most likely will increase faster than any increase in your mortgage payments. Rent payments, on the other hand, tend to increase right along with your paycheck.
So now is the time to buy that home you’ve been thinking about in Cardiff, Encinitas, or Carlsbad.