Eggs?! #homeloans #homebuyer #interestrates #fhaloan #firsttimehomebuyer #closingcosts #bank

Lets say you have to invest in eggs and you're trying to make the best financial decision for you and your family. Well, eggs over the last handful of years have averaged about $1.50 per dozen but just last spring they spiked up to $2 per dozen. So let's say you had the opportunity to maybe rent eggs for $1.75. That's cheaper, that's less expensive, right? Well, those that rented have now seen inflation really take off and eggs are four to five dollars per dozen. The people that bought eggs at two dollars a dozen last year are still pay. That is exactly what's happening when you're making the decision on buying or renting a home. And on top of that, the people that bought the eggs for $2 a dozen that get to keep that price for the rest of eternity, they also get 50 cents of that back as they're building up equity in those eggs. So keep that in mind when you're thinking about buying versus renting in a high inflation economy like today's.