{"id":851,"date":"2023-03-09T19:38:58","date_gmt":"2023-03-09T19:38:58","guid":{"rendered":"https:\/\/johnsonteamrealestate.com\/?p=851"},"modified":"2023-03-09T19:39:01","modified_gmt":"2023-03-09T19:39:01","slug":"is-it-really-better-to-rent-than-to-own-a-home-right-now","status":"publish","type":"post","link":"https:\/\/johnsonteamrealestate.com\/index.php\/2023\/03\/09\/is-it-really-better-to-rent-than-to-own-a-home-right-now\/","title":{"rendered":"Is It Really Better to Rent Than to Own a Home Right Now?"},"content":{"rendered":"\n

You may have seen reports in the news recently saying it\u2019s better to rent right now than it is to own your home<\/a>. But before you let that impact your decisions, you should understand what these claims are based on.<\/p>\n\n\n\n

A lot of the time, these reports are assuming things that aren\u2019t realistic for the average household. For example, the methodology<\/a> behind one of those reports says that renting is the smarter financial option because of the opportunity to invest money elsewhere. It assumes renters take the money they\u2019d spend on costs tied to buying a home and put it in an investment portfolio.<\/p>\n\n\n\n

But here\u2019s the thing \u2013 most people who rent aren\u2019t making those investments<\/strong>. Ken Johnson, Co-Author of the BH&J National Price-to-Rent Index<\/em>, explains:<\/p>\n\n\n\n

\n

\u201cOne of the difficulties with the rent and reinvest model is many people . . . simply rent and spend the difference. . . . That\u2019s wealth destroying<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

The reason homeownership is one of the best investments you can make is the wealth it helps you build. That\u2019s why there\u2019s a significant difference between the net worth<\/a> of the average homeowner and the average renter (see graph below<\/em>):<\/p>\n\n\n

\n
\"\"<\/a><\/figure>\n<\/div>\n\n\n

So, before you renew your rental agreement, think about the opportunity to build wealth that homeownership<\/a> provides.<\/p>\n\n\n\n

Bottom Line<\/strong><\/h3>\n\n\n\n

If you\u2019re unsure whether to continue renting or to buy a home, let\u2019s connect to help you make the best decision. Contact Johnson Team Real Estate by calling 360.303.2734.<\/p>\n","protected":false},"excerpt":{"rendered":"

You may have seen reports in the news recently saying it\u2019s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on. A lot of the time, these reports are assuming things that aren\u2019t realistic for the average […]<\/p>\n","protected":false},"author":1,"featured_media":852,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-851","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized","8":"entry"},"featured_image_src":"https:\/\/johnsonteamrealestate.com\/wp-content\/uploads\/2023\/03\/Mike-Bredeson-600-\u00d7-600-px-1-600x400.jpg","featured_image_src_square":"https:\/\/johnsonteamrealestate.com\/wp-content\/uploads\/2023\/03\/Mike-Bredeson-600-\u00d7-600-px-1.jpg","author_info":{"display_name":"fawn","author_link":"https:\/\/johnsonteamrealestate.com\/index.php\/author\/fawn\/"},"_links":{"self":[{"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/comments?post=851"}],"version-history":[{"count":1,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/851\/revisions"}],"predecessor-version":[{"id":853,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/posts\/851\/revisions\/853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/media\/852"}],"wp:attachment":[{"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/media?parent=851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/categories?post=851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/johnsonteamrealestate.com\/index.php\/wp-json\/wp\/v2\/tags?post=851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}