Your Personal Prosperity Plan: Home Ownership

In the word of local economies and housing markets, there is usually a minimum threshold of what is costs to move into a single family home, and markets become particularly interesting when the price to rent is almost the same on a per-month basis as it would be to own.

When the cost to rent becomes close to what a monthly mortgage payment would be (and that’s before the tax write-off) then you know you are at that threshold, and that the market is probably going to change soon — this appears to be the case in the Westside of Los Angeles.

In this short video, I discuss this threshold, and explain how home ownership can be an integral part of one’s personal plan for prosperity.

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