Is Renting Better Than Buying?

Sometimes renters have a misconception that renting is the “safe” way to go versus becoming a homeowner. But what are the facts?

According to Census data, 20 million rental households last year spent at least half of their income on rent. These are the highest numbers we’ve seen in 7 years! Median rent payments increased 19.6% to $871 from $728.…meanwhile, the percentage of homeowners considered burdened, shrank for the first time in five years.

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