
Not possible. The renter is spending more every year with no compensation for it. A buyer with the same or even slightly higher mortgage payment will quickly outpace the renter. Not only are they gaining equity from their payments, they are also gaining it from appreciation. I literally just ran those numbers. 3.3% appreciation us the low side of the US median 3-5%. The buyer gets to earn that on a million dollars, vs the renter earning 7% in the market on the the 20% down payment. That 800k difference in capital is too big of a lead in the world of compounding interest.
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