Homeowner vs Renter Wealth Gap: Owning a Home is a Path to Wealth
How much wealthier are homeowners than renters? Homeowners have 40 times the wealth as renters. This is a substantial difference that shows that buying a home is a far better investment in the long run than renting is.
There are many ways to buy a home without any downpayment money. One of those is to use a VA loan. The other is getting an FHA loan and then you only have to put 3 1/2% down and can have the sellers pay some of your costs. Also you can be gifted some money for a downpayment to get started.
If you need help buying or selling a house anywhere in the US please reach out to us.
Todd Miller
702-218-2819
todd@nvrs.com
Oana Miller
702-285-4207
oana@nvrs.com