News Summary

• There are both financial and non-financial opportunity costs to buying a home.
• It’s common to compare rent payments to the monthly cost of a mortgage, but the ongoing costs of owning a home can stretch well beyond the mortgage payments.
• Many first-time homebuyers budget for the down payment, but neglect or underestimate other costs that are due before or at closing.
• You don’t have to be a millionaire to gain access to this $1B private real estate fund.