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Buying vs. Renting

RETIRE WITHOUT RENT SHOP In the debate of Buying v. Renting there is one clear winner in terms of long-term financial freedom! STEP ONE SAVE WHILE STILL RENTING Renter stats: Reason for Renting in Renters < 35 Years Old 42% 10% 48% 90% of renters plan to buy a home at some point in the future. 32% of those plan to buy within the next two years. Saving for Mortgage Can't YetQualify for Mortgage Other Reasons STEP TWO BEGIN SUCCESSFUL HOME-BUYING EXPERIENCE Average Age First time home-buyer stats: 31 Total Buyers Household Type First Time Repeat Average Income 39% 61% IMarried Couple Single Woman Single Man Unrmarried Couple Other $61,800 STEP THREE RETIRE WITHOUT MORTGAGE OR RENT! a fraction of $1,269 + $84,300 Retirement stats: average social security benefit from average 401k $2,029 average monthly mortgage Not enough! 31 + 30 + 4 65 Average age of First Time year fixed interest years allotted for upgrades, or unforeseen Homeowner rate* circumstances RetirementAge Statistics based on Fannie With No Bills! Mae, California Association of Realtors, and HouseHunt .com For more information, visit and follow us on social media platforms. *subject to refinancing

Buying vs. Renting

shared by HouseHunt on Apr 09
Here's a breakdown of how the long-term consequences prove buying to be the responsible choice over renting.



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