Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Rent vs. Own - Leverage Your Live-in Investment to Build Wealth
Rent vs. Own - Leverage Your Live-in Investment to Build Wealth


Owning a home has great financial benefits. The single best opportunity to build wealth is homeownership.
Let’s breakdown 5 major financial benefits of homeownership:
1. Housing is typically the one leveraged investment available
2. You’re paying for housing whether you own or rent
3. Owning is usually a form of “forced savings”
4. Owning is a hedge against inflation
5. There are still substantial tax benefits to owning (*Consult your tax advisor to confirm your personal tax benefits)
 

 *Infographic provided by KCM

The Bottom Line:

Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.
It is estimated that a family buying an average priced home this past January could build more than $42,000 in family wealth over the next five years.
Think about it - whether you rent or own, you have to pay someone’s mortgage - wouldn’t you rather it be YOURS? You may as well be doing so to build your own wealth, rather than that of your landlord.
House values and rents tend to ... more

__________________________________________________
Are you on The Rain? Grow Your Network!