Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.
Realtor.com recently reported that:
“Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option… as people get more savings in their pockets, buying becomes the better option.”
What proof exists that owning is financially better than renting?
1. In a previous blog we highlighted the top 5 financial benefits of homeownership:
- Homeownership is a form of forced savings.
- Homeownership provides tax savings.
- Homeownership allows you to lock in your monthly housing cost.
- Buying a home is cheaper than renting.
- No other investment lets you live inside of it.
2. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.
3. Just a few months ago, we explained that a family that purchased an average-priced home at the beginning of 2018 could build more than $44,000 in family wealth over the next five years.
4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment– along with a profit margin!!
Bottom Line
Owning a home has always been, and will always be, better from a financial standpoint than renting.
It’s the same topic , but I was quite surprised to see the opinions I didn’t think of. My blog also has articles on these topics, so I look forward to your visit. baccaratsite
sm ドール TPEとラブドールのようなシリコーンライフ–違いは何ですか？
Your explanation is organized very easy to understand!!! I understood at once. Could you please post about baccaratsite ?? Please!!
An IP stresser is a tool designed to test a network or server for robustness. The administrator may run a stress test in order to determine whether the existing resources (bandwidth, CPU, etc.) are sufficient to handle additional load.
Instagram Takipçi Satın Al – Tüm Sosyal Medya Platformlarında Güvenilir, Uygun Fiyatlı Hizmet ve 7/24 Canlı Destek Sağlıyoruz.