Here’s something anyone torn between renting or buying needs to realize.
While renting can feel much less expensive right now, it also means missing out on the long-term wealth you build when you own.
This chart makes it clear. No matter when someone buys, homeowners end up building far more wealth than renters. And that’s true even after you factor in things like repairs and property taxes.
That’s because every mortgage payment adds to your equity, while every rent payment is money you never get back.
If you’ve been wondering whether you should rent or buy, this is your reminder that owning is a better long-term play.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Paulo Rodriguez and/or related companies do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Paulo Rodriguez and/or related companies will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
