[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1ihr165mrgt6g":3,"$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},964,"the-cost-of-not-owning-your-home-2","The Cost of NOT Owning Your Home","Owning a home has great financial benefits, yet many continue to rent! 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\u002F11\u002F14125649\u002F20171127-Share-STM.jpg","Owning a home has great financial benefits, yet many continue to rent! 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\u002Fbreakeven-horizon-real-estate-16595\u002F\">reported\u003C\u002Fa> that:\r\n\u003Cblockquote>\u003Cem>“In reality, buying or renting a home is an intensely personal decision, with emotional and even financial considerations that go beyond whether to invest in this one (admittedly large) asset. \u003Cstrong>Looking strictly at housing market numbers, there is a concrete point at which buying a home makes more financial sense than renting it.”\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. We recently highlighted the top 5 \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F11\u002F08\u002F5-reasons-homeownership-makes-cents\u002F\">financial benefits\u003C\u002Fa> of homeownership:\r\n\u003Cul>\r\n \t\u003Cli>Homeownership is a form of \u003Cem>forced savings.\u003C\u002Fem>\u003C\u002Fli>\r\n \t\u003Cli>Homeownership provides tax savings.\u003C\u002Fli>\r\n \t\u003Cli>Homeownership allows you to \u003Cem>lock in your monthly housing cost.\u003C\u002Fem>\u003C\u002Fli>\r\n \t\u003Cli>Buying a home is \u003Cem>cheaper than renting.\u003C\u002Fem>\u003C\u002Fli>\r\n \t\u003Cli>No other investment lets you \u003Cem>live inside of it.\u003C\u002Fem>\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n2. \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F10\u002F12\u002Fnet-worth-of-homeowners-44x-greater-than-renters\u002F\">Studies\u003C\u002Fa> have shown that a homeowner’s net worth is 44x greater than that of a renter.\r\n\r\n3. Just a few months ago, we \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F09\u002F05\u002Fhow-your-homes-value-grows-your-familys-wealth\u002F\">explained\u003C\u002Fa> that a family that purchased an average-priced home at the beginning of 2017 could build more than $48,000 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=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F10\u002F30\u002Frenting-or-buyingeither-way-youre-paying-someones-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","2017-11-27T10:00:57Z","2017-11-15T16:53:53Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":14},963,"existing-home-sales-slowed-by-a-lack-of-listings-infographic","Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2017\u002F11\u002F22152140\u002F20171124-Share-STM.jpg","2017-11-24T11:00:30Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":14},965,"low-interest-rates-have-a-high-impact-on-your-purchasing-power","Low Interest Rates Have a High Impact on Your Purchasing Power","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F11\u002F27152100\u002F20171128-Share-STM.jpg","2017-11-28T10:00:00Z",{"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"]