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The Difference in the Cost of Owning and Renting The true cost of renting isn’t just the rent-versus-mortgage difference, but the lost opportunity to build equity through appreciation and principal reduction, along with forfeiting other homeownership …
It’s Not Magic…It’s Math!
How Home Value Growth Beats Renting Over the last 60 years, the average sales price of homes has appreciated at a rate of 5.56% annually, according to the Federal Reserve Economic Data. During the same period, rent …
At Today’s Mortgage Rates, is Owning Still Better Than Renting? It could still be costing you more to rent than to own considering renters don’t benefit from a home’s appreciation and natural amortization of a fixed-rate …