Don’t delay homeownership! Property values rise, rent is lost, and equity grows. Start now for financial freedom.

Time Is Money: Why Homeownership Can’t Wait

BE A SMART PERSON

by Ismael Long -real estate talk 💰-

Many people delay homeownership, thinking they have time. They tell themselves, “Maybe next year,” or “Let me wait until I’m earning more.” But the truth is, time is the only currency you can’t earn back and in real estate, time is your most valuable ally.

If you start today, even with limited income, the next 10 years could work in your favor. If you delay, the next 10 years will work against you.

Here’s why:

1. Property Values Will Continue to Rise

Home prices generally increase over time. A property that costs K450,000 today might be worth K700,000 or more in ten years. If you delay buying, that’s a K250,000 opportunity lost and you’ll still need a home eventually.

2. You Could Be 10 Years into Paying Off Your Loan

Buying now means in ten years, you’re closer to owning the house outright. Even if it’s a 25- or 30-year mortgage, you’re one-third of the way through. If you wait, your clock starts later and so does your financial freedom.

3. Rent Money Will Never Return

Every month you rent, that money is gone. Over ten years, rent can total hundreds of thousands of Kina money that could have gone toward your own property’s equity.

4. Equity Grows with Time

Equity is the portion of the property you truly own. It grows as you pay down your loan and as the property’s value increases. Starting now gives you a head start on growing wealth through equity.

5. Early Start = Better Options Later

Owning a home early can open doors in the future whether you use the equity to upgrade, build another home, or invest in rental properties. Real estate rewards early action.

6. Banks Favor Those with Proven History

When banks assess future loans, they look at your repayment history. Owning a home for 10 years with consistent repayments makes you a strong candidate for future investment loans.

7. You Create Stability for Your Family

Ten years of stable housing gives your children consistency in schooling, a safer environment, and emotional security things money can’t always buy.

8. Inflation Will Work in Your Favor

Over the next decade, inflation will likely raise rent and construction costs. But if you lock in a mortgage today, your loan repayment remains fixed while your home value increases. That’s how real estate beats inflation.

9. Delaying Means Rushing Later

People who wait often end up rushing when retirement is near or their children are older. Rushed decisions often lead to poor choices and more stress.

10. You’ll Regret the Time You Lost

The pain of discipline today is small compared to the pain of regret tomorrow. Ten years from now, you won’t regret making sacrifices to become a homeowner. But you will regret waiting if you still don’t own a home.

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• Three Compelling Reasons To Invest In Real Estate Over Other Asset Classes: Real Estate Business Talks
• A Prominent PNG Businessman, Lawyer, and Former Chancellor of the University of Papua New Guinea Admitted to Groping a Teenage Girl in an Australian Hotel Room
• Robert Agarobe, a Papua New Guinea Man Who Started His Multi-Million Kina Helicopter/Aviation Business from a Tool Box and a K400

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