Auston Grove Apartments

1160 Auston Grove Drive, Raleigh, NC 27610
Call: 833-779-8856 Email UsAustonGrove.PropertySite.HHHunt@aptleasing.info View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$800-$1250

Apartments Raleigh NC Blog

Renting Might Be More Profitable Than Owning

Renting Might Be More Profitable Than Owning

Joseph Coupal - Thursday, December 14, 2017

Auston Grove Apartments in RaleighIt’s a debate that has been going on for a while now between two possibilities: renting or owning a home. Which one would prove to be more profitable in the long run? A new study called “A Revision of the American Dream of Home Owning”, brings forward an interesting approach.

When trying to accumulate wealth, one essential element is the homeowner’s commitment to save money for the down payment of the home, the study highlights. Although you might think that owning a home would make you more money, this research states otherwise. It seems that those who turn to investment in stocks and bonds may actually gain more in the long run. Taking a potential down-payment and making smart investments will probably leave you with more money than if you sank every penny into a house that may or may not be worth what you originally paid for it.

In terms of stability, the new research also makes the case that investing in a more controllable market such as the stock market is better than investing in a more unpredictable market like housing.

Not being tied in to a mortgage is definitely preferred by more and more people nowadays, Millennials and Baby Boomers alike. Renting is simpler and eliminates the constant worry of home maintenance and other unknown costs that might come with owning a home. Plus, renters have more flexibility if in need of a change.

However, the study’s authors don’t necessarily discard the fact that buying a property might also prove to be a clever idea for long-term wealth accumulation in the sense that it forces saving. “Society appears to have been telling people the right thing to do (own a home) but for the wrong reason, […] it appears that homeownership forces saving and when combined with the tendency of households to remain homeowners once they initially switch to ownership explains why owners have more wealth”, the study reinforces.

Everybody would agree that owning a home is a big part of the American Dream and although this might still be a valid option, it needs reinterpreting, according to Ken Johnson, one of the study’s authors. Buying a home paves the path towards wealth accumulation as long as it’s used as a strategy to create risk-adjusted returns.

All things considered, if posed with the two options, the study proves that renting a home and investing your savings in the stock market is certainly worth some serious consideration.

For more information on apartments in Raleigh, NC contact Auston Grove.

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Raleigh, One of the Best Cities in the South 2017

Raleigh, One of the Best Cities in the South 2017

Joseph Coupal - Wednesday, December 06, 2017

Auston Grove Apartments in RaleighRevitalization—it’s a word used to describe what’s happening in nearly every American city right now, but in the South, our cities aren’t so much undergoing a revitalization as much as they are an awakening. Sure, we’re breathing new life into historic buildings and settling into homes that are in high rises and once-neglected neighborhoods. But from the Gulf coast to the Atlantic coast, a diverse mix of lifelong Southerners, millennials, newcomers, and transplants are launching start-ups, building new restaurants, creating new music, solving problems, and coloring the South as one of, if not the, most exciting regions of the country to live. And it's happening in ways we couldn’t have even imagined a decade ago.

Up the coast, the North Carolina Research Triangle is firing on all cylinders now that Durham has developed into a cultural hotspot.

8. Raleigh/Durham, North Carolina

Once in the shadow of its sister city, Durham has become a formidable cultural counterpart to Raleigh.

For more information on apartments in Raleigh, NC contact Auston Grove.

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Auston Grove Apartments

1160 Auston Grove Drive, Raleigh, NC 27610

Call: 833-779-8856
Email UsAustonGrove.PropertySite.HHHunt@aptleasing.info
View Map

Opens: Monday-Friday: 9A-6P | Saturday: 10A-5P | Sunday: 1P-5P

$800-$1250