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  3. ‘Moody’s took two hypothetical people, each earning $150,000 annually, to see whether the homeowner or investor came out ahead after 30 years.

‘Moody’s took two hypothetical people, each earning $150,000 annually, to see whether the homeowner or investor came out ahead after 30 years.

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  • John SpurlockJ This user is from outside of this forum
    John SpurlockJ This user is from outside of this forum
    John Spurlock
    wrote last edited by
    #1

    ‘Moody’s took two hypothetical people, each earning $150,000 annually, to see whether the homeowner or investor came out ahead after 30 years.

    After 30 years of monthly payments, the renter would be wealthier—by $1,194,126.’

    (gift)
    https://www.wsj.com/personal-finance/gen-z-investments-home-ownership-ec0bbe98?st=xBDyb6&reflink=desktopwebshare_permalink

    Misuse CaseM DaveD 2 Replies Last reply
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    • podcastindex.socialI podcastindex.social shared this topic
    • John SpurlockJ John Spurlock

      ‘Moody’s took two hypothetical people, each earning $150,000 annually, to see whether the homeowner or investor came out ahead after 30 years.

      After 30 years of monthly payments, the renter would be wealthier—by $1,194,126.’

      (gift)
      https://www.wsj.com/personal-finance/gen-z-investments-home-ownership-ec0bbe98?st=xBDyb6&reflink=desktopwebshare_permalink

      Misuse CaseM This user is from outside of this forum
      Misuse CaseM This user is from outside of this forum
      Misuse Case
      wrote last edited by
      #2

      @js This is pretty sus, given that renters bear the brunt of rapidly rising housing prices and are more exposed to housing instability (which is not conducive to growing wealth or even maintaining a stable life).

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      • John SpurlockJ John Spurlock

        ‘Moody’s took two hypothetical people, each earning $150,000 annually, to see whether the homeowner or investor came out ahead after 30 years.

        After 30 years of monthly payments, the renter would be wealthier—by $1,194,126.’

        (gift)
        https://www.wsj.com/personal-finance/gen-z-investments-home-ownership-ec0bbe98?st=xBDyb6&reflink=desktopwebshare_permalink

        DaveD This user is from outside of this forum
        DaveD This user is from outside of this forum
        Dave
        wrote last edited by
        #3

        @js "I feel like my money is safer in the stock market than in a house,” said 23-year-old Helen Bovington, who rents an apartment in Manhattan."

        Of course she would think that. She was 5 years old when the 2008 financial crisis happened.

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