“To own or to rent?” is an age-old question. Who is doing better, homeowners who may be struggling to keep their homes, or renters tired of not building equity? The Federal Reserve Board's Report on the Economic Well-Being of U.S. Households in 2014 examined this issue as well as:
- How does the average rent compare to the average mortgage payment?
- What percentage of homeowners even carries a mortgage?
- What percentage of renters is looking for a house to buy?
- What percentage of renters can’t afford a down payment?
For the answers, check out our infographic to see how you compare and if the grass is always greener on the other side of the property line.