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The One Graph Renters Need to See
Homeownership is a big choice, so is renting forever
We see it a lot from influencers on social media and millennial financial “gurus,” you know the type… they say:
“Homeownership is a liability!”
“Owning a home ties you down!”
“You could make more if you put it in stocks! Or better yet…NFTs!!!!!”
This is, of course, complete bullshit.
Homeownership is and will always be the best and easiest way to establish and build wealth over time. The fact of the matter is, you have to have a place to live, shelter is not something that you can cut out completely, homeownership does two things that renting does not:
- It gives you more for your money because homes can appreciate over time.
- It locks in your cost of shelter and eventually eliminates it altogether (more or less ;) ).
So, without further ado, here is the graph that all lifetime renters need to see.
So, what are you looking at here? Simply a graph that shows the median cost per month for a rental property in…
