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Updated almost 2 years ago,

User Stats

137
Posts
96
Votes
Kenny Simpson
Lender
  • Lender
  • San Diego, CA
96
Votes |
137
Posts

RENT vs OWN NETWORTH Disparity

Kenny Simpson
Lender
  • Lender
  • San Diego, CA
Posted

According to a recent study by the Federal Reserve, the median net worth of U.S. homeowners is 40x higher than the median net worth of renters

What if you rent and buy investment properties?

I know people that LOVE to rent and buy investment properties and have done well this way too. I know that MOST people would love to own their own home, put their own stamp on the home, not worry about getting kicked out, rent raises and building equity for the future. The flip side is just RENT, renters can move when they want, no capital in the home, call landlord to fix issues and it could potentially cost less.

Should everyone buy a home? Interesting DATA below about Renters and Homeowners