Renting vs Buying

The Federal Reserve Board released a report that showed that Las Vegas homes owners have net worth 36 more times than that of renters.

According to the FRB, the past 10 years have shown that apartments in Las Vegas have increased an average of 3% per year.

This year alone rent rates are set to increase 4.1%. With a 3% annual increase every year and paying $1,000 per month would equal $137,567 after 10 years, with no wealth accumulation.

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