Homeowners who mortgaged their homes instead of renting would have saved a whopping $289,110 in housing costs between 2000 and 2023
There’s a common belief that Americans would be in a significantly better financial position if only they could afford to buy a home. But has buying (particularly with a mortgage) and maintaining a home historically been that much cheaper than renting? If so, how much have homeowners saved on average? To answer these questions, Creditnews …