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A HOME OWNER'S NET WORTH 40% HIGHER THAN A RENTER'S

Tuesday, June 7, 2022   /   by Ameil Gill

A HOME OWNER'S NET WORTH 40% HIGHER THAN A RENTER'S

If you're currently renting and have dreams of owing your own home, it may be a good time to think about your next move.

With rent costs rising annually at an aggressive pace, and many helpful down payment assistance programs available (and with rates still being at significant lows from years before) homeownership may be closer to reality than you think! Despite the risk of volatility in the housing market, numerous studies have demonstrated that homeownership leads to greater wealth accumulation when compared with renting. This is due to the fact that renters don’t capture the wealth generated by appreciation, or growing equity that comes from monthly mortgage payments, which become a form of forced savings for homeowners. Whether you rent or own, you have to cover someone’s mortgage costs — you may as well be doing so to build your own wealth, rather than that of your landlord. ? Send me a message and I'll help you form a plan to get out of the rental race and into homeownership!? Let's get to work investing in your future through wealth in homeownership.
#realestate #realtor #realestateagent #buyhome #homebuying #ownhome
REMAX Realty One Inc. - The Gill Team
Ameil Gill
50 Burnhamthorpe Road West Sussex Centre Ste #102
Mississauga, ON L5B 3C2
416-884-1359

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2022 Last Updated December 3, 2022
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