Owning Your Roof vs Renting It

Owning or renting—what’s the smarter move right now?

This special micro episode of the Martini Mortgage Podcast is your wake-up call: the housing market is shifting, and with it comes an incredible opportunity to build wealth instead of paying off your landlord's mortgage. Certified Mortgage Advisor and Raleigh Mortgage Broker Kevin Martini dives into the real numbers, busts the myths that hold most renters back and lays out why waiting might cost you more than you think.

Spoiler: a homeowner’s net worth today is 42 TIMES that of a renter.

If you’ve been debating whether now is the right time to buy, you can’t afford to miss this episode. Listen, share, and take that first step toward securing your financial future.

Kevin Martini | NMLS 143962 | Certified Mortgage Advisor | Martini Mortgage Group at Gold Star Mortgage Financial Group, Corporation | NMLS # 3446 | 507 N Blount St, Raleigh, NC 27604 | [phone] | www.MartiniMortgageGroup.com | [email protected] | Equal Housing Lender

Transcript:

2024 has been challenging for home buyers.
It's been a time of uncertainty.
But let me tell you something very exciting.
The real estate market is transitioning,
and right now offers a very unique opportunity
that could make a real difference in your life.
Still, I know some people are stuck wondering,
"Should I keep renting?"
Or take that leap into home ownership.
Let me start with this.
We all need a roof over our heads, right?
Renting is fine for a season.
But let me be direct.
This is not that season.
This is a moment when owning your roof
could completely transform your financial future.
Here's the hard truth.
A homeowner's net worth today is 42 times that of a renter.
Not 42 percent, 42 times greater than a renter.
That's $415,000 compared to $10,000.
And this gap between homeowners and renters net worth
is only going to continue to grow.
If you ever thought about buying a home,
this could know this is your moment to get ahead.
But before I dig in, let me cover my legal basis.
I am Kevin Martini, a certified mortgage advisor
in producing branch manager, NMLS143962
with the Martini Mortini Group at Gold Star Mortgage
Financial Group Corporation, NLS3446, Eagle House in London.
This podcast is here to inform, educate, and entertain
not to provide legal or professional advice.
Now with that out of the way, let's get into it.
Why homeownership matters right now?
Here's the reality.
Homeownership isn't for everyone and that's okay.
If it's not right for you, what's not okay
is deciding against homeownership because of mis or misinformation
you have.
I've been in the financial services since the late 80s
and in the mortgage industry exclusively since 2006.
And I'm still amazed at how many people think
they need perfect credit or a massive down payment
to buy a home.
Spoiler alert, do, do, do, do, do, do, you don't.
In fact, most people overestimate
what it takes to buy a home,
basing decisions on what they heard
at a barbecue instead of seeking real facts.
Let's stop that cycle right now.
Only your home isn't just about having a place to call yours.
It is a financial strategy.
Home values almost always go up over time.
Over the past five years, home values have risen by over 57%.
Stretch it out over 30 years and they have more than tripled.
The equity bill becomes your future wealth.
And here's the other side of the coin.
Renseurizing, if you are renting,
every lease renewal brings the risk of higher cost.
But when you own your home and locking up fixed rate mortgage
you stabilize your housing expenses and protect yourself
from the cycle of rising rents.
Now let me uncover why waiting could cost you more.
And listen, I get it.
You're thinking why not wait until mortgage rates go down,
Kevin Martini?
And that's a very fair question.
But here's the thing,
when rates drop, demand surges, a 1% decrease in mortgage rates
brings five million new buyers into the market.
That's five million people competing for the same limited inventory of homes.
The result, home prices surge.
Waiting could cost you far more than you will say.
Right now you can lock in the cost and even refinance when rates improve.
This is how you play the long game to build wealth.
Folks, let's create your strategy.
This is a moment in real estate that could be a one-cental lifetime opportunity.
But not every opportunity is right for you.
That's why it's crucial making informed decision based on facts, not fear.
Let's connect for a complimentary no judgment consultation together.
We'll craft a plan and timeline that fits your goals in situation.
Here's the best case scenario.
You'll take the first step towards creating generational wealth.
And though worst, you'll walk away with a clear strategy for the future.
Thank you for tuning in to episode 198 of the Martini Workers' podcast.
Owning your roof versus renting it.
If today's episodes sparked any questions, don't hesitate to reach out.
You can call me directly at 919-238-4934.
And here's a small ask.
If you would share this episode with someone who needs to hear it, a little nudge from you
could change their life.
Until next time, I'm Certified Mortgage Advisor Kevin Martini with the Martini Mortgage
Group, wishing you peace and blessings.
Let's make your home ownership dreams a reality.