According to a recent study by the Federal Reserve, the median net worth of U.S. homeowners is 40x higher than the median net worth of renters. The median net worth of homeowners is also 2x the median net worth of U.S. households nationwide.
What if you rent and buy investment properties?
I know people that LOVE to rent and buy investment properties and have done well this way too. I know that MOST people would love to own their own home, put their own stamp on the home, and not worry about getting kicked out, rent raises, and build equity for the future. The flip side is just RENT, renters can move when they want, have no capital in the home, call the landlord to fix issues and it could potentially cost less.
Should everyone buy a home? Interesting DATA below about Renters and Homeowners.