[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fjuyj4v2umh99":3,"$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},1054,"not-owning-your-home-can-cost-you-a-lot-of-money","NOT Owning Your Home Can Cost You a Lot of Money!","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\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F04\u002F21144834\u002F20180402-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>Realtor.com \u003C\u002Fem>recently \u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fadvice\u002Fbuy\u002Freasons-to-buy-a-home-in-2018\u002F\">reported\u003C\u002Fa> that:\r\n\u003Cblockquote>\u003Cem>“\u003Cstrong>Buying remains the more attractive option in the long term – that remains the American dream,\u003C\u002Fstrong> and it’s true in many markets where renting has become really the shortsighted option… \u003Cstrong>as people get more savings in their pockets, buying becomes the better option.”\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. In a previous blog we 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\u002F2018\u002F04\u002F17\u002Frising-prices-help-you-build-your-familys-wealth\u002F\">explained\u003C\u002Fa> that a family that purchased an average-priced home at the beginning of 2018 could build more than $44,000 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\u002F2018\u002F02\u002F05\u002Fwhether-you-rent-or-buy-either-way-youre-paying-a-mortgage-2\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","2018-04-02T10:00:35Z","2018-04-17T09:59:49Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":14},1053,"the-cost-of-renting-vs-buying-today-infographic","The Cost of Renting vs. Buying Today [INFOGRAPHIC] ","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F03\u002F27151043\u002F20180330-Share-STM.jpg","2018-03-30T10:00:14Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":14},1055,"what-should-you-look-for-in-your-real-estate-team","What Should You Look for In Your Real Estate Team?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F03\u002F26164706\u002F20180403-Share-STM.jpg","2018-04-03T10:00:24Z",{"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"]