Real Estate Hawaii Property

Outrageous Fortunes in Hawaii Real Estate

To rent or to buy…whether to suffer the slings and arrows of outrageous fortunes or to take arms against a sea of troubles…. Okay…maybe that’s a little melodramatic…well a lot melodramatic…

But with renting there are many costs that you might not be accounting for when deciding whether it’s time to buy Oahu real estate or continue renting. For example, you can just about count on inflation leading to rent increases in the future and yet you will have no equity increase to offset it. 

So your rent might seem cheaper at the moment than a mortgage payment, but it’s not true when you include everything in your calculation.  On the average you can figure a 4% increase in your rent each year with no asset accumulation.  Now that’s outrageous ‘misfortunes’.  But your mortgage will stay the same on a fixed mortgage even as the value of the house goes up.

So don’t just compare arrows to slings…oops…I mean rent to mortgage payments…because they are not the same thing.

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