There is a Painful Truth - The Cost of NOT Owning Your Own Home
Are you a Mississippian dreaming of owning your own home? Or maybe you haven't really thought about it. Have a seat....let's chat.
Most renters think it's far better to rent than buy. But what if I told you owning a home has great financial benefits? Because of this, more and more experts are growing concerned about the ramifications of a falling home ownership rate. 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.
The outcomes of a falling home ownership rate can be devastating. As explained byApartmentList.com:
“Our research indicates that not owning a home has a sizable financial cost, as renters miss out on low mortgage rates and are hit by higher rents.