{"id":2185,"date":"2018-04-02T10:00:35","date_gmt":"2018-04-02T10:00:35","guid":{"rendered":"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/"},"modified":"2018-04-02T10:00:35","modified_gmt":"2018-04-02T10:00:35","slug":"not-owning-your-home-can-cost-you-a-lot-of-money","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/","title":{"rendered":"NOT Owning Your Home Can Cost You a Lot of Money!"},"content":{"rendered":"<div>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"648\" height=\"354\" src=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/04\/21144834\/20180402-Share-STM.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"NOT Owning Your Home Can Cost You a Lot of Money! | Simplifying The Market\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" srcset=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/04\/21144834\/20180402-Share-STM.jpg 750w, http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/04\/21144834\/20180402-Share-STM-549x300.jpg 549w\" sizes=\"(max-width: 648px) 100vw, 648px\"><\/p>\n<p>Owning a home has great financial benefits, yet many continue to rent! Today, let\u2019s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.<span id=\"more-37245\"><\/span><\/p>\n<p><em>Realtor.com\u00a0<\/em>recently\u00a0<a href=\"https:\/\/www.realtor.com\/advice\/buy\/reasons-to-buy-a-home-in-2018\/\">reported<\/a>\u00a0that:<\/p>\n<blockquote>\n<p><em>\u201c<strong>Buying remains the more attractive option in the long term \u2013 that remains the American dream,<\/strong> and it\u2019s true in many markets where renting has become really the shortsighted option\u2026 <strong>as people get more savings in their pockets, buying becomes the better option.\u201d<\/strong> <\/em><\/p>\n<\/blockquote>\n<h4><strong>What proof exists that owning is financially better than renting?<\/strong><\/h4>\n<p>1. In a previous blog we highlighted the top 5\u00a0<a href=\"https:\/\/www.simplifyingthemarket.com\/2017\/11\/08\/5-reasons-homeownership-makes-cents\/?a=357097-d98bb2836a7be92ba06574347ce699e8\">financial benefits<\/a>\u00a0of homeownership:<\/p>\n<ul>\n<li>Homeownership is a form of\u00a0<em>forced savings.<\/em><\/li>\n<li>Homeownership provides tax savings.<\/li>\n<li>Homeownership allows you to\u00a0<em>lock in your monthly housing cost.<\/em><\/li>\n<li>Buying a home is\u00a0<em>cheaper than renting.<\/em><\/li>\n<li>No other investment lets you\u00a0<em>live inside of it.<\/em><\/li>\n<\/ul>\n<p>2. <a href=\"https:\/\/www.simplifyingthemarket.com\/2017\/10\/12\/net-worth-of-homeowners-44x-greater-than-renters\/?a=357097-d98bb2836a7be92ba06574347ce699e8\">Studies<\/a> have shown that a homeowner\u2019s net worth is 44x greater than that of a renter.<\/p>\n<p>3. Just a\u00a0few months ago, we\u00a0<a href=\"https:\/\/www.simplifyingthemarket.com\/2018\/01\/02\/how-rising-prices-will-help-you-build-family-wealth-in-2018\/?a=357097-d98bb2836a7be92ba06574347ce699e8\">explained<\/a>\u00a0that a family that purchased an average-priced home at the beginning of 2018 could build more than $44,000 in family wealth over the next five years.<\/p>\n<p>4. Some argue that renting eliminates the cost of taxes and\u00a0home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the\u00a0<a href=\"https:\/\/www.simplifyingthemarket.com\/2018\/02\/05\/whether-you-rent-or-buy-either-way-youre-paying-a-mortgage-2\/?a=357097-d98bb2836a7be92ba06574347ce699e8\">rent payment<\/a>\u2013\u00a0<em>along with a profit margin!!<\/em><\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Owning a home has always been, and will always be, better from a financial standpoint than renting.<\/p>\n<\/div>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Owning a home has great financial benefits, yet many continue to rent! Today, let\u2019s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Realtor.com\u00a0recently\u00a0reported\u00a0that: \u201cBuying remains the more attractive option in the long term \u2013 that remains [&hellip;]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[110,98,99,101,111],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NOT Owning Your Home Can Cost You a Lot of Money! - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NOT Owning Your Home Can Cost You a Lot of Money! - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Owning a home has great financial benefits, yet many continue to rent! Today, let\u2019s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Realtor.com\u00a0recently\u00a0reported\u00a0that: \u201cBuying remains the more attractive option in the long term \u2013 that remains [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/\" \/>\n<meta property=\"og:site_name\" content=\"The Zakaria Group\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/thezakariagroup\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-02T10:00:35+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/04\/21144834\/20180402-Share-STM.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/\"},\"author\":{\"name\":\"\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d\"},\"headline\":\"NOT Owning Your Home Can Cost You a Lot of Money!\",\"datePublished\":\"2018-04-02T10:00:35+00:00\",\"dateModified\":\"2018-04-02T10:00:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/\"},\"wordCount\":267,\"publisher\":{\"@id\":\"https:\/\/thezakariagroup.com\/#organization\"},\"articleSection\":[\"Buying Myths\",\"First Time Home Buyers\",\"For Buyers\",\"Move-Up Buyers\",\"Rent vs. Buy\"],\"inLanguage\":\"en\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/\",\"url\":\"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/\",\"name\":\"NOT Owning Your Home Can Cost You a Lot of Money! - The Zakaria Group\",\"isPartOf\":{\"@id\":\"https:\/\/thezakariagroup.com\/#website\"},\"datePublished\":\"2018-04-02T10:00:35+00:00\",\"dateModified\":\"2018-04-02T10:00:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thezakariagroup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NOT Owning Your Home Can Cost You a Lot of Money!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thezakariagroup.com\/#website\",\"url\":\"https:\/\/thezakariagroup.com\/\",\"name\":\"The Zakaria Group\",\"description\":\"The Zakaria Group\",\"publisher\":{\"@id\":\"https:\/\/thezakariagroup.com\/#organization\"},\"alternateName\":\"TZG, MLS\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thezakariagroup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thezakariagroup.com\/#organization\",\"name\":\"The Zakaria Group\",\"alternateName\":\"TZG\",\"url\":\"https:\/\/thezakariagroup.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png\",\"contentUrl\":\"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png\",\"width\":400,\"height\":173,\"caption\":\"The Zakaria Group\"},\"image\":{\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/thezakariagroup\/\",\"https:\/\/www.youtube.com\/channel\/UCX6VeVxc5BNyr8TY1piPyXw\",\"https:\/\/www.instagram.com\/thezakariagroup\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d\",\"name\":\"\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/thezakariagroup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g\"},\"url\":\"https:\/\/thezakariagroup.com\/author\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NOT Owning Your Home Can Cost You a Lot of Money! - The Zakaria Group","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/","og_locale":"en_US","og_type":"article","og_title":"NOT Owning Your Home Can Cost You a Lot of Money! - The Zakaria Group","og_description":"Owning a home has great financial benefits, yet many continue to rent! Today, let\u2019s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Realtor.com\u00a0recently\u00a0reported\u00a0that: \u201cBuying remains the more attractive option in the long term \u2013 that remains [&hellip;]","og_url":"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/","og_site_name":"The Zakaria Group","article_publisher":"https:\/\/www.facebook.com\/thezakariagroup\/","article_published_time":"2018-04-02T10:00:35+00:00","og_image":[{"url":"http:\/\/files.simplifyingthemarket.com\/wp-content\/uploads\/2018\/04\/21144834\/20180402-Share-STM.jpg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/#article","isPartOf":{"@id":"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/"},"author":{"name":"","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d"},"headline":"NOT Owning Your Home Can Cost You a Lot of Money!","datePublished":"2018-04-02T10:00:35+00:00","dateModified":"2018-04-02T10:00:35+00:00","mainEntityOfPage":{"@id":"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/"},"wordCount":267,"publisher":{"@id":"https:\/\/thezakariagroup.com\/#organization"},"articleSection":["Buying Myths","First Time Home Buyers","For Buyers","Move-Up Buyers","Rent vs. Buy"],"inLanguage":"en"},{"@type":"WebPage","@id":"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/","url":"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/","name":"NOT Owning Your Home Can Cost You a Lot of Money! - The Zakaria Group","isPartOf":{"@id":"https:\/\/thezakariagroup.com\/#website"},"datePublished":"2018-04-02T10:00:35+00:00","dateModified":"2018-04-02T10:00:35+00:00","breadcrumb":{"@id":"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/thezakariagroup.com\/not-owning-your-home-can-cost-you-a-lot-of-money\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thezakariagroup.com\/"},{"@type":"ListItem","position":2,"name":"NOT Owning Your Home Can Cost You a Lot of Money!"}]},{"@type":"WebSite","@id":"https:\/\/thezakariagroup.com\/#website","url":"https:\/\/thezakariagroup.com\/","name":"The Zakaria Group","description":"The Zakaria Group","publisher":{"@id":"https:\/\/thezakariagroup.com\/#organization"},"alternateName":"TZG, MLS","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thezakariagroup.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en"},{"@type":"Organization","@id":"https:\/\/thezakariagroup.com\/#organization","name":"The Zakaria Group","alternateName":"TZG","url":"https:\/\/thezakariagroup.com\/","logo":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/","url":"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png","contentUrl":"https:\/\/thezakariagroup.com\/wp-content\/uploads\/2018\/10\/logo-1.png","width":400,"height":173,"caption":"The Zakaria Group"},"image":{"@id":"https:\/\/thezakariagroup.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/thezakariagroup\/","https:\/\/www.youtube.com\/channel\/UCX6VeVxc5BNyr8TY1piPyXw","https:\/\/www.instagram.com\/thezakariagroup\/"]},{"@type":"Person","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/3faf57a8142a13b0b75bddafdfe7ec5d","name":"","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/thezakariagroup.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g"},"url":"https:\/\/thezakariagroup.com\/author\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts\/2185"}],"collection":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/users\/101010"}],"replies":[{"embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/comments?post=2185"}],"version-history":[{"count":0,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/posts\/2185\/revisions"}],"wp:attachment":[{"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/media?parent=2185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/categories?post=2185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thezakariagroup.com\/wp-json\/wp\/v2\/tags?post=2185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}