Apartments Roanoke VA Blog


Get e-mail notifications of new blog posts! Enter email address below.

Delivered by FeedBurner


Think Twice About Buying

- Wednesday, July 03, 2013

Have you heard this before: Renting is like throwing your money away. Buy a house now because home prices are rising. A house is the best investment you can make. Owning a home is the American dream.

Sound familiar? Like marriage and parenthood, buying a house means you can shed the label “recent college grad” and call yourself grown-up.

But a home is not necessarily the best investment you can make. And even if you can afford it, it may not make you happy.

Peel back the packaging on those reportedly low interest rates. Those are reserved for people with stratospheric credit scores, 20% for a down payment and minimal student loans.

Also, have you met the zombie homeowners? They still walk this land. Between the peak of the market in June 2007 and May 2013, loads of homes were foreclosed on.

The foreclosure crisis disproportionately affected young people and people of color. Plenty of college-educated, employed people whose mortgages fell underwater and, credit rating be damned, they opted to abandon their homes.

Home prices are rising now, and Zillow estimates they will go up 7% in the next 12 months. But from peak to trough, most homes lost a large percentage of their value.

Recent studies show that high rates of homeownership can actually dog a region’s economic growth. A May study showed that when a state doubles its homeownership rate, a doubling of unemployment later follows. An increase in homeownership led to lower levels of labor mobility, longer commute times and fewer new businesses.

If you plan to stay in a home for less than 3.6 years, it’s better to rent than buy.

“Many say you shouldn’t use a house as an investment. Investing in the stock market or some other vehicle is a better choice,” said Svenja Gudell, senior economist at Zillow.

For more information on renting apartments in Roanoke, VA, contact Honeywood Apartments.

Seattle Times

Recent Posts


Virginia Roanoke events how to hang pictures MystiCon St. Patrick's Day, Roanoke Roanoke SPCA where to rent textbooks Roanoke holiday laser light show Friday the 13th in Roanoke, VA sidewalk sale renter's insurance, Roanoke cost of living book lists hurricane safety rent or own Halifax independence celebration apartments need downtown Roanoke fireworks in Roanoke, VA home maintenance and repairs excuses to call in sick expired medication New Year's Eve Events, Roanoke ways to relax tax deductions for renters new years resolution Thanksgiving take-out pumpkin chili recipe Toy drive Sidewalk Art Show buy or rent how to burn calories burn calories Father's day recipe why rent one bedroom apartments, Roanoke VA Bluegrass, andtiques and crafts festival cost of home maintenance meet friends in an apartment labor day weekend how to improve credit score labor day events in Roanoke healthy habits Best of Southwest Roanoke County 2013 relay for life Roanoke festivals apartment communities, Roanoke valentines day date ideas Honeywood Apartment Homes in Roanoke VA apartment community, VA Greek Festival valentines day gifts Raonoke food tours apartments in Raonoke, VA rent free living, Roanoke, Va reasons to rent renting in Roanoke benefits of walking Roanoke Apartments Cocktail Classic, Roanoke, VA valentines day gift ideas holiday cards literacy, Roanoke, VA fourth of July, Roanoke, VA restaurants in Roanoke hot crossed buns recipe science fiction convention Roanoke cost of living how to tie a toga Amazing Race Pink Parade, Roanoke decorating ideas Memorial Day K29 reality show, Roanoke, Va Apartments relocating to Roanoke, Va two bedroom apartment in Roanoke, VA new years resolutions shopo women renting in Roanoke, VA urban camping Father's day grilled filet Roanoke Fiversity Film Festival adopt a pet Deciding whether to buy or rent top places to retire how to get a job St. Patrick's Day, Roanoke, VA pet friendly apartments Roanoke, VA VA Thanksgiving radical roanoke renting, Roanoke, VA reviews of apartments in Roanoke, VA Relay for Life, Roanoke, VA teacher gift ideas cost of home maintenance and repairs Soup for Seniors season Craft beer events Mountain Music & Dance Festival support Roanoke college flu shots, Roanoke, VA two bedroom apartments, Roanoke VA do you need renter's insurance, Roanoke Valentine's day gift ideas FloyFest renting Honeywood Apartment Homes - VA Roanoke labor day 4th of July, Roanoke cookies for kids cancer Craft Beer Tours, Roanoke Roanoke Craft Beer Tours green apartment living tips cat adoption month Roanoke Home and Garden Show chili cookoff in Roanoke, VA Roanoke holiday cards Downtown Roanoke Restaurant Week Fall Festival veterans day parade Avenel Plantation, Roanoke, VA increase gas mileage, VA Apartment Living hot weather and your AC radical runabout Roanoke music festivals Apartments in Roanoke, VA pumpkin soup Roanoke Food Tour Roanoke Craft Beer Tour corporate apartments, Roanoke VA Memorial Day recipe renting vs buying adopt a dog date night ideas cost of living in Roanoke Virginia's Veterans Parade college in Virginia Christmas Parade, Roanoke gas mileage, VA holiday preparations holiday shopping events chocolate sunday festival Roanoke Greek festival St. Patrick's Day roanoke Craft Beer Tour holiday events in Roanoke, VA tax free weekend, VA tree lighting, Roanoke, VA most romantic restaurants in Roanoke rental community, Roanoke VA HHHunt green apartment living easy way to burn calories Hollins-Mill Mountain Winter Festival of New Works using your AC reviews for apartments in Roanoke, VA Soup for Seniors renting vs owning Shamrock Festival Roanoke, VA Rent vs. Buy The Rockbridge Mountain Music & Dance Festival Greek Festival, Roanoke Grandin theatre Roanoke, VA pumpkin recipes labor day festival renting or buying farmers markets Honeywood apartments reviews furnished apartments, Roanoke VA Roanoke races finding pet friendly apartments Roanoke, VA renter's tax deductions easy dinner recipes festivals in Roanoke, VA Oktoberfest apartments reviews in Roanoke, VA renting is better New Year's Eve Events Valentines Day restaurants, Roanoke gaming events, Roanoke Mountain Magic In Fall, Bluegrass, Antiques and Crafts Festival apartment reviews top cities to retire Zombie Run tax deductions for renting do I need renter's insurance, Roanoke Roanoke beer scary movies events in Roanoke, VA Earth Day Roanoke creating healthy habits Roanoke Christmas Parade dating, roanoke Agricultural Fair how college grads can get a job cinco de mayo in Roanoke, VA favorite non-fiction books improve credit Roanoke Zombie 5k apartment decorating gas prices, VA St. Patrick's Day parade, Roanoke, VA apartment amenities how to conserve water Roanoke Restaurant Week St. Patrick's Day Roanoke, VA apartment reviews, Roanoke, VA Best of Roanoke New Years eve music sidewalk sale, Roanoke, VA apartment community, Roanoke VA Bluegrass festival how to keep new years resolutions Roanoke schools #HowYouLive setting your thermostat tailgating recipes Roanoke Tree Lighting live music in Roanoke improve credit score holiday events, Roanoke, VA super bowl party renter's insurance entertaining ideas apartment in Roanoke, VA Virginia wines Power Tool Drag Racing grilled filet recipe Veterans Parade, Roanoke Thanksgiving meals orchards in Roanoke Bluegrass, Antiques and Crafts Festival apartment community, Roanoke Music & Dance Festival one bedroom apartment in Roanoke, VA get rid of holiday stress Welcoming community in VA The Cellar Door budget-friendly date night ideas Dickens of a Christmas tailgating foods renting after retirement expired prescription Mill Mountain Theatre St. Patrick's Day Parade Food Tour, Roanoke Honeywood Apartment reviews in Roanoke, VA how to meet friends pop culture events fried chicken recipe rent or buy after college, Roanoke, VA cheap textbooks decorating tips affordable cities for retirement Roanoke's 100 Miler fall festivals, Roanoke dinner recipes looking for apartments in Roanoke, VA St. Patrick's Day events Roanoke, VA gift ideas Earth Day Roanoke tax free weekend Virginia wineries credit score pumpkin chocolate chip cookie recipe apartment decorating tips wine tasting Pet Costume Contest, Roanoke pet health renters insurance holiday entertaining tips vote for the best of Roanoke, VA Snow Zone, Roanoke breast cancer events Roanoke, VA apple recipes new books cities for retirement things to do in Roanoke Roanoke College hurricane Franklin County Agricultural Fair Roanoke checkpoints beer, Roanoke, VA 4th of July college dinner recipes haunted houses in Roanoke, VA Roanoke, VA Roanoke wedding venues fall activities, Roanoke, VA holiday cards for charity veterans day super bowl recipes Roanoke, Virginia apartment decorating ideas Welcoming community Raonoke, VA chinese new year, Roanoke wedding crawl Honeywood Apartment Homes how to find the right apartment college in VA Shamrock Festival Festival 2013 strawberry festival in Roanoke, VA HHHunt Apartment Homes veterans parade Roanoke Mountain Funfest pet friendly apartments in Roanoke, VA Big Lick Cocktail Classic St. Patrick's Day Parade & Shamrock Festival Roanoke apartments reviews rent or buy St. Patrick's Day Best of Southwest Roanoke County St. Patrick's Day Parade Roanoke, VA apartments reviews, Roanoke, VA tornado safety