Why Homeowners Build More Wealth Than Renters

When the rent-versus-own question comes up, it’s usually argued in generalities until somebody actually looks at the numbers. The National Association of Realtors estimates the typical homeowner's net worth is 43 times that of the average renter, and the gap has grown wider in recent years. In this video, I talk through what's behind that number and what it can mean once you own a home outright,…