2021 BOISE IDAHO REAL ESTATE BLOG
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Monday, December 30, 2019

Homeownership is an amazing part of life. You build equity and get tax advantages such as mortgage interest deduction and capital gains exclusions. Most of all, you get to actually own your space. This is a much better alternative to paying your landlord’s mortgage, sharing a space with roommates, or living in a cramped apartment complex with outdated units.

However, home prices are on the rise around the country—especially in Boise and the Treasure Valley—and often outpace wage gains. This makes it harder for renters to save their hard-earned money for a down payment. This vicious cycle keeps renters as renters instead of homeowners.

So how can renters break the cycle and become home buyers? Here are a few ideas to begin saving for your new home. Keep in mind, everyone’s situation is different, so some tips may not apply to everyone.

Posted by AndrewS at 12/31/2019 12:56:00 AM
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Samantha Dunn, Idaho Real Estate Agent

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Samantha Dunn

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