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Buying vs. Renting
Homeownership seems more difficult than ever. For our generation, it is far more common to rent a home than to buy one. According to Statista, the number of renters in the U.S. has spiked from just 25.7 million in 1975 to 43 million last year!
Renting has serious drawbacks and actually depletes your long-term wealth. In contrast, homeownership allows for consistency in cost and enables you to build wealth. If you have a steady income, you should buy your home as soon as possible.
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