Some Highlights
When you rent , you build your landlord’s wealth, your monthly payment depends on ever-rising rents , and you don’t benefit from home price appreciation .
On the other hand, when you own your home, you build your own wealth , your monthly payment is locked in , and you benefit directly from home price appreciation.
If you’re feeling the challenges of a competitive market , remember that homeownership is a long-term game. Persevering today will lead to financial rewards in the future.
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