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The buying vs renting debate has raged on forever. Here's a unique perspective about how buying early can save you a fortune for retirement.
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Married Couple Single Woman
Single Man Unmarried Couple
Other
$61,800
31
First Time Repeat
39% 61%
First time home-buyer stats:
Saving for Mortgage
Can't Yet Qualify for Mortgage
Other Reasons
90% of renters plan to buy a
home at some point in the future.32% of those plan to buy
within the next two years.
42% 10% 48%
Renter stats:
Retirement stats:
In the debate of
Buying v. Renting
there is one clear winner in
terms of long-term financial freedom!
Not enough!
$1,269average social
security benefit
a fraction of
$84,300from average
401k
31 30 4Average age
of First Time
Homeowner
year fixed
interest
rate*
years allotted
for upgrades,
or unforeseen
circumstancesRetirement Age
With No Bills!
65
Statistics based on Fannie
Mae, California Association of
Realtors, and bankrate.com.
For more information, visit
Househunt.com and follow us
on social media platforms.*subject to refinancing