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Give me just a minute. I'm going to talk to you about the hidden wealth in home buying and the lie that's been told to young renters today. You've been told it's unaffordable. You've been told there's no chance of getting a down payment together. You know, starter homes 30 years ago averaged 1200 square feet. Then builders changed the game. The average starter home today is 2,500 square feet. Do you really need all that space? There are actually lots of options. You know, 54% of first time buyers get help with their down payment, so don't be afraid to ask. Multi generational homes are 17% of all sales. Maybe there's an option to move in with the fam. Also be willing to move out of a major metropolitan area a little further out of town. That'll give you a chance to maybe buy something a little cheaper. Here's the truth. The average net worth of a homeowner is 43 times that of a renter. Be an owner, don't stay a renter. Top of the morning to you. I'm Brian Buffini. We have a great show lined up for you today. Renting versus buying. This really is a hot topic, especially since so much information, dare I say misinformation on this topic is available online today. When it comes to the conversation surrounding renting versus buying, I just made a case for buying a home in a minute, but I know many questions still linger. And even if you agree the choice is clear, you may be thinking, well, it's unfortunate because I don't have a choice. I don't have the freedom to make that choice. Well, let's unpack this a little bit more in today's blueprint on how you can become an owner instead of a permanent renter. When I say that the average net worth of a homeowner is 43 times that of a renter, I want to explain to you right now in our blueprint why, you know, I just saw actually today online two graphs and it said why you should stay a renter and showed buying a home payment of 2,500, renting a home, 2500. And then it said, oh, well, you've got property taxes when you own, you've got insurance when you own. You've got to take care of the property. So you got upkeep. And it said, why don't you take the money instead of the tax and the upkeep and the insurance, take that money and invest it over the course of 30 years and in 30 years. Here's how much net worth you'd have. That's the kind of crap that's put out 24, 7. Nowadays, in fact, young people are being told the smart play, the wise play is to stay being a renter. Well, I'm going to walk you through financially, what that's not the case. Also, psychologically, I can also share with you sociologically why that's not the best thing you can do when you purchase a home over here. Yeah, your payment might be 2,500 and your rent is 2,500. You have property taxes for sure. Both your mortgage interest and your property taxes calculate as a tax deduction. That tax deduction has been guaranteed by the national association of Realtors and their lobbying efforts for 50 years. So you get a nice big tax deduction off the mortgage interest and the property taxes. Secondly, these characters online say the rent is going to stay the same for 30 years. You're lucky if the rent stays the same for 30 days. Nowadays, when you buy the home, you guarantee what the payment is. You've decided this is what the payment is forever. In addition to that, if you pay a little bit extra, maybe you make one extra payment a year, you'll take the length of the mortgage down seven years, which means now you can pay it off in 23, not just 30 years. Oh, by the way, you might get appreciation, which has typically happened 4 to 5% a year for the past 50 years. So the property value goes up, the mortgage comes down, you build up more equity, and your payment is guaranteed. As a renter, you have no equity at all. Your payment is not controlled by you, it's controlled by the landlord. And that person says thank you every month when you make their mortgage payment for them. So, no, the smart play is not renting. The wise play is always to own. Andrew Carnegie was one of the wealthiest Americans who ever lived, and he said that 90% of all millionaires become so through owning real estate. The second reason why your asset base goes up so much is homeownership is a hedge against inflation. Now, everybody's recently had a lesson in inflation. It's gone up 25% in the last five years. The fact of the matter is assets increase during times of inflation, stocks and especially real estate. And I'll share with you my journey. I bought a house for $219,000. Now, let me say this. I thought my arms and legs were going to fall off. I thought, I'm never going to be able to make that payment. In fact, I scraped together 21,000 for a down payment. And. And I asked the seller to carry back 21,000 in a note. I went to them about a year later, and I offered them 11,000 for the 21,000 I owed them. And they wrote it off and they said, we'll take the cash. I sold that house for 330,000. I was able to use that 330,000 because I'd bought down the mortgage to buy a $900,000 home. That home went up to 1.2 million. I sold that $1.2 million home and bought a $1.8 million home and lived there for a long time. Sold that home for $4 million, bought the next one for 4.8 million, and I just sold it last week for $7.5 million. Same person now again. My journey was fast and furious, the way my life has been, but it was a hedge against inflation over the past 30 years. That was my journey. Started at 219, ended at seven and a half million. And now that my kids are all grown and out of the house, I downsized and pocketed the difference. Will Rogers said this. You don't wait to buy real estate. You buy real estate and wait. That's really the key. The last thing I want to share with you is that owning creates stabilities for kids, families, and communities. Studies show children raised in a property their family owns have higher academic scores. They end up with higher incomes. More of them go on to become homeowners themselves than the regular generational population. 9% of kids who live in a home that's owned are better at math, 7% are better at reading, and 3% have fewer behavioral problems. It's good for families. It's good for your net worth. It's good for society. It's also a great feeling. Mike Plata was a third generation Mexican immigrant. No one in his family had ever owned a home. Mike was. He was a great contractor. He worked with concrete. He had done some concrete work for me on a real estate transaction. And I said to him, mike, have you ever considered being a homeowner? He goes, oh, no, Mr. Brian. No one in the Plata family has ever owned a home. I said, would you like to give it a try? What if I could show you a way that you could buy a home? He just didn't think it was possible. He thought it was something that he could never do. It's not something he grew up with. And I put him on a plan to save his money every month. Now, it took a while. I put him on a plan that we thought it would take three years. But as a contractor, he took on extra jobs. In fact, he started working a lot of weekends to save his money, to save his money. And I helped him buy a home in two years. I'll never forget the day when they were moving in. All of his family and his extended family were there. Myself and my brother Kevin, who was one of my assistants, we drove to the home and delivered platters of food for the whole family. He didn't hire a moving company, he just called in the family. And we had a fiesta to celebrate Mike Plata being a homeowner. Putting the keys in that man's hands. That was 35 years ago. I'll never forget the look on his face. I'll never forget the feeling it did for me. Real estate, home ownership changes a person's life. It's good for your net worth, it's good for your family, it makes for better citizens and better communities. And ultimately it gives people that sense. I own a piece of the rock. Well, that's why I made it my mission to help people buy a piece of the rock. And now, for the past 30 years, I help the people who help the people buy homes. Franklin D. Roosevelt said, this real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it's about the safest investment in the world. If you're a renter, Come on in, the water's warm. I know it's hard, I know it's difficult. It may seem overwhelming or even unrealistic, but you can do it. Put in the work, save your money, own a piece of the rock, and you Too could have 43 times the net worth of those who are still renting.