[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1ku4w9tikmvxf":3,"$ffeh0925h8cuz":46,"$fbwk2pqjjqsc7":50},{"item":4,"previous":34,"next":40},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":32,"updatedAt":33},823,"do-you-know-the-cost-of-not-owning-your-home","Do You Know the Cost of NOT Owning Your Home?","Owning a home has great financial benefits, yet many continue renting! 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.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F05\u002F10130842\u002F20170515-Share-STM.jpg","Owning a home has great financial benefits, yet many continue renting! 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.\u003C!--more-->\r\n\r\n\u003Cem>Zillow\u003C\u002Fem> recently \u003Ca href=\"https:\u002F\u002Fwww.zillow.com\u002Fresearch\u002Fsome-renters-afford-homes-15013\u002F\">reported\u003C\u002Fa> that:\r\n\u003Cblockquote>\u003Cem>“With Rents continuing to climb and interest rates staying low, many renters find themselves gazing over the homeownership fence and wondering if the grass really is greener. Leaving aside, for the moment, the difficulties of saving for a down payment, let’s focus on the monthly expenses of owning a home: it turns out that \u003Cstrong>renters currently paying the median rent in many markets could afford to buy a higher-quality property \u003C\u002Fstrong>than the typical (read: median-valued) home\u003Cstrong> without increasing their monthly expenses\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>What proof exists that owning is financially better than renting?\u003C\u002Fstrong>\u003C\u002Fh4>\r\n1. The \u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002F2016\u002F12\u002F01\u002F5-reasons-why-homeownership-is-a-good-financial-investment\u002F\">latest\u003C\u002Fa> \u003Cem>Rent Vs. Buy Report\u003C\u002Fem> from \u003Cem>Trulia\u003C\u002Fem> pointed out the top 5 financial benefits of homeownership:\r\n\u003Cul>\r\n \t\u003Cli>Mortgage payments can be fixed while rents go up.\u003C\u002Fli>\r\n \t\u003Cli>Equity in your home can be a financial resource later.\u003C\u002Fli>\r\n \t\u003Cli>You can build wealth without paying capital gain.\u003C\u002Fli>\r\n \t\u003Cli>A mortgage can act as a forced savings account\u003C\u002Fli>\r\n \t\u003Cli>Overall, homeowners can enjoy greater wealth growth than renters.\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n2. \u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002F2016\u002F12\u002F27\u002Fhomeowners-net-worth-is-45x-greater-than-a-renters-2\u002F\">Studies\u003C\u002Fa> have shown that a homeowner’s net worth is 45x greater than that of a renter.\r\n\r\n3. Just a few months ago, we \u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F03\u002F06\u002Fthe-connection-between-home-prices-family-wealth\u002F\">explained\u003C\u002Fa> that a family buying an average priced home at the beginning of 2017 could build more than $42,000 in family wealth over the next five years.\r\n\r\n4. 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 \u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F03\u002F27\u002Frenting-or-buying-either-way-youre-paying-a-mortgage\u002F\">rent payment\u003C\u002Fa> –\u003Cem>along with a profit margin!!\u003C\u002Fem>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nOwning a home has always been, and will always be, better from a financial standpoint than renting.","\r\nOwning a home has always been, and will always be, better from a financial standpoint than renting.",false,[16,20,24,28],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},38,"Move-Up","move-up",{"id":29,"name":30,"slug":31},53,"Rent vs. Buy","rent-vs-buy","2017-05-15T10:00:39Z","2017-09-29T16:07:40Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":14},822,"what-you-need-to-know-about-qualifying-for-a-mortgage-infographic","What You Need to Know About Qualifying for a Mortgage [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2017\u002F05\u002F15101628\u002F20170428-Share-STM.jpg","2017-05-12T10:00:40Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":14},824,"4-tips-for-effectively-making-an-offer","4 Tips for Effectively Making an Offer","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F04\u002F18155310\u002F20170509-Share-STM.jpg","2017-05-16T10:00:45Z",{"cover":47,"open":48,"shareSpread":49},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[51,55,56,60,64,68,72,73,77,81,82,86,90,94,98,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":52,"name":53,"slug":54},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":57,"name":58,"slug":59},6,"For Sellers","sellers",{"id":61,"name":62,"slug":63},7,"Foreclosures","foreclosures",{"id":65,"name":66,"slug":67},8,"Infographics","infographics",{"id":69,"name":70,"slug":71},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":74,"name":75,"slug":76},34,"Senior Market","senior-market",{"id":78,"name":79,"slug":80},35,"Mortgage Rates","mortgage-rates",{"id":25,"name":26,"slug":27},{"id":83,"name":84,"slug":85},41,"For Sale by Owner","for-sale-by-owner",{"id":87,"name":88,"slug":89},42,"Featured","featured",{"id":91,"name":92,"slug":93},45,"New Construction","new-construction",{"id":95,"name":96,"slug":97},52,"Luxury \u002F Vacation","luxury--vacation",{"id":29,"name":30,"slug":31},{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]