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g | W/Mmdémwfle REALYCORP. 418â€"2Notth Service Rd.E «+ 842â€"7000 ______ [ 3@ Home ownership still pays off today‘s unique set of circumâ€" stances offers terrifâ€" B4 :__ their continued support. P } > Korrie Sue Marshall _ Sales Representative y > a < , y â€" ; " Oakville, Milton District Real Estate Board fg‘ REMIBXK "CS5YS Joys of the Season ic opportunities for people looking for a place to call "home," getting into the market is (416) 329â€"5417 Sales Representative ER NICHOLLS Best Wishej The Holiday also an excellent way to invest: *« In general, home owners‘ shelâ€" ter costs are higher New Year! 67 Lakeshore Rd. W. than those of renters for several years following the purchase of a home. But over time, rents rise with inflation, while the main component of home owners‘ costs (the mortgage payâ€" ment) stays relaâ€" tively _ constant (except when interâ€" est rates rise). Over the long term, then, owners‘ costs are lower. * For the future, it appears that home ownership will continue to be a good investment.. An analysis based on an assumption of two per cent inflation in the future indicates that, after 20 years, owners may have a net _ worth of $50,000 greater 4 bedroom , 2 bathrooms, appliâ€" ances, new 50 oz. carpet paint ’rhrougag)uf RALPH SNEI.GROVE’ 3 Bedroom brick bungalow, recreâ€" ation room, fireplace, 75‘x114‘ lot. $149,900. . RALPH _ SNELGROVE* 842â€"7000. $104,900. TOWNHOME than renters. After 30 years, that worth jumps to $167,000 greater, as long as house prices increase at the same rate of inflation. *« Even house prices don‘t increase at as rapid a rate as inflation, owners still have an advantage in terms of total net worth compared to renters after several years. At a 1% annual increase in house prices (versus 2% general inflation), the owners‘ net worth is still $115,000 greater than the renters after 30 years. Even at zero inflation, the owners‘ net worth is still $75,000 greater than the renters after 30 years.