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Should You Rent a Home or Buy One?

The net worth gap between renters and owners is too big to ignore.

Is buying a home even worth it right now? It is a question I have been hearing more often these days. In some cases, renting may seem like the better short-term option. But the reality is that the net worth of a homeowner is nearly 40 times greater than that of a renter. This is a significant difference worth considering.

A home is not just a place to live. It is one of the most powerful tools available to build long-term wealth. While it may feel out of reach in the current market, there is a way forward. You may not be ready to buy today, and that is completely fine. What matters is setting a plan and taking the first step.

Creating a plan is something you can do right now. If you want to move beyond the rental cycle, the next step is simple. Reach out, and we can review the numbers in your area and outline some realistic goals. You can call or text me at 803-886-0961 or send an email to brentd@thedowningteam.com. I look forward to hearing from you.

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