‘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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‘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.’
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I podcastindex.social shared this topic
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‘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.’
@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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‘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.’
@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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