Rising Rents and Property Ownership: What You Need to Know
The challenges facing individuals in rental accommodation have never been more apparent. With rising rents becoming a growing concern, tenants are left with a limited set of options. They must either find extra money to cover the rent increases, rent out a room, take on a second job, or settle for lower quality and smaller living spaces. Surprisingly, some tenants are now considering transitioning into property ownership, as their mortgage payments could potentially be lower than their current rent.