June 18, 2021 at 12:03pm | Nicole Bostrom Cogan
Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC] | MyKCM

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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