Owning a home used to be a great way to build wealth, but that equation is turning. It may, in fact, be more lucrative to invest your money elsewhere.As home prices rise quickly and mortgage rates threaten to increase, the rent versus buy equation is tipping toward rent, according to an index from Florida Atlantic University. It factors in home prices, rents, mortgage rates and alternative investments that create wealth. Essentially, it calculates the wealth accumulated when owning a home compared with the wealth accumulated when renting the same property and investing the down payment somewhere else.
THE FEDERAL RESERVE ANNOUNCE A QUARTER -POINT RATE HIKE
