One thing that is missing is the opportunity cost of the down payment.
Also, in fairness, the renter scenario should be a smart renter that invests their money. Typically, a renter will have lower monthly housing costs in the beginning and will have more money for investment.
Ideally, the net worth should be compared after 25 years or something.
One thing that is missing is the opportunity cost of the down payment.
Also, in fairness, the renter scenario should be a smart renter that invests their money. Typically, a renter will have lower monthly housing costs in the beginning and will have more money for investment.
Ideally, the net worth should be compared after 25 years or something.