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Median Mortgages Make Up Almost Half Of Median Incomes– Consider Renting Instead Of Owning

Evo Realty and Finance provides solutions for those living beyond their means. Selling your house can be a huge relief.


Los Angeles, CA, USA – WEBWIRE

Experts in personal finance generally agree that housing costs should only be 25-30% of a household’s income. The median income in Los Angeles County is $56,196, or $4,683 per month over twelve months (not considering taxes and other withheld funds), according to the US Census Bureau. And yet, the median monthly housing costs of those with mortages is $2,279, a whopping 48.67% of the median income. The average Los Angeles resident cannot afford to own a home.

Homeownership is financially deplorable, and many finance experts are proponents of renting rather than buying in recent years. Downsizing living costs by decreasing housing costs is an often-overlooked strategy for those in dire financial straits, but is certainly a practical tactic. Owning a home should be an asset, not a household’s financial downfall. Cash buyers, like Evo Realty and Finance, provide a way out for homeowners in a pinch. Experts at Evo Realty are prepared to work with homeowners in special circumstances, and are able to buy houses cash, quickly. For further information on downsizing expenses by selling your house, contact Frank Kanu at frank@growwithevo.com or check out the website at evocash4homes.com.


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