Renters Falling Further Behind
Nov 01, 2023•12 min
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Episode description
If you are renting but planning on buying a home soon recent data suggests you are falling further behind.
The gap is widening to afford your first home.
We review national data that shows how much time an average renter needs to save up for a 10% downpayment on a median home around the country.
It's a lot longer than you would have imagined!
Plus the gap is getting bigger so if you know someone who is renting that wants to buy, you may want to share this information with them!
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