April 6, 2025 - 06:21
The lifetime costs of pet ownership can amount to $32,000 or more, taking a bite out of potential savings for prospective homeowners. While pets bring joy and companionship, they also come with a range of expenses that can delay the journey to homeownership.
From routine veterinary care and vaccinations to food, grooming, and supplies, the financial commitment of caring for a pet adds up significantly over time. Additionally, pet-related costs can include unexpected medical emergencies or specialized diets, which can further strain a budget.
Moreover, many landlords and mortgage lenders consider pet ownership when evaluating applicants. Some rental properties impose pet fees or higher security deposits, while certain mortgage options may require additional insurance or limit the types of pets allowed.
As individuals and families weigh the decision to bring a pet into their lives, it's essential to consider the long-term financial implications and how they may impact future goals, such as purchasing a home. Balancing the joys of pet ownership with financial readiness is crucial for aspiring homeowners.
June 24, 2025 - 06:13
Goldman Sachs Appoints Aekloveya Shyam as Head of M&A in Global Real EstateGoldman Sachs has made a significant leadership change by appointing Aekloveya Shyam as the new head of mergers and acquisitions (M&A) within its Global Real Estate Group. This decision was...
June 23, 2025 - 23:14
Katherine Cruz Elevated to Engineering Manager at Hancock AssociatesDanvers, MA—Hancock Associates has announced the promotion of Katherine Cruz, P.E., LEED AP, to the position of Engineering Manager. Known affectionately as `Katie` among her colleagues, Cruz has...
June 23, 2025 - 11:48
Will the US-Iran War Trigger an Economic Crisis in America?As tensions escalate between the United States and Iran, concerns are mounting about the potential repercussions on the American economy. Analysts warn that a prolonged conflict could lead to...
June 22, 2025 - 21:27
This Week's Most Sought-After Brooklyn Properties: A Focus on Ditmas ParkIn the latest round-up of popular Brooklyn listings, attention has shifted to an array of charming properties, including a notable Colonial Revival home in Ditmas Park. These listings showcase the...