Yeah, they're not going to suddenly gain $50k+ cash for a down-payment to replace their home. Yes, a mortgage should be cheaper than rent but a renter probably can't save an extra 3 year's worth of rent to put it down.
Yeah, they're not going to suddenly gain $50k+ cash for a down-payment to replace their home. Yes, a mortgage should be cheaper than rent but a renter probably can't save an extra 3 year's worth of rent to put it down.