HOMEOWNERSHIP is the solution to our housing crisis First completed home of 2021: Lisa DuBray & her 6 boys: Crosby build Homeownership is not the capstone of economic wellbeing. It is the cornerstone! For renters who make less than 50k a year. 75% are cost burdened 42% are severely cost burdened Second completed home of 2021: meaning they spend at least meaning they spend at least 30% of their income on housing of their income on housing Andy Fry & 2 children; Baxter build. 50% n2/3 of US. counties it is cheaper to own than rent a home The typical homeowner spends about $167 Third build Rentals are also vulnerable to large market increases making them less affordable over time. Betwoen 2010 and 2020 rents increased an average of per month on maintenance and improvements. Homeowners still pay less than renters per month (nearing completion) home of 2021: Travis & Mary Svoboda & 6 children; Brainerd build. 3.19% For owners who make less than 50k a year... Buying a home is a real estate investment. As a Even if a home didn't appreciate in value, a home acts as a home appreciates in value the owner is building wealth savings This is why owners have 40x the wealth of renters account On average they spend 10% less on housing than the Alyssia Fearing average renter Averago wage Owning a home is more affordable than renting and allows a family to build long-term wealth home under construction ratos increase nearly twice as faet as inflation making mortgage payments in Brainerd. more affordable Data published by: Graphic created by: Brandon & Tiffani York ground breaking URBAN Habitat for Humanity ef Mineseta in Sebeka (shown are the 3 boys). Lakes Area Promoting strength, stabity, and self-reliance through shelter in Cass, Crow Wing, Hubbard & Wadena Counties and the City of Staples Habitat for Humanity 218-828-8517 www.lakesareahabitat.org EN HOMEOWNERSHIP is the solution to our housing crisis First completed home of 2021: Lisa DuBray & her 6 boys: Crosby build Homeownership is not the capstone of economic wellbeing. It is the cornerstone! For renters who make less than 50k a year. 75% are cost burdened 42% are severely cost burdened Second completed home of 2021: meaning they spend at least meaning they spend at least 30% of their income on housing of their income on housing Andy Fry & 2 children; Baxter build. 50% n2/3 of US. counties it is cheaper to own than rent a home The typical homeowner spends about $167 Third build Rentals are also vulnerable to large market increases making them less affordable over time. Betwoen 2010 and 2020 rents increased an average of per month on maintenance and improvements. Homeowners still pay less than renters per month (nearing completion) home of 2021: Travis & Mary Svoboda & 6 children; Brainerd build. 3.19% For owners who make less than 50k a year... Buying a home is a real estate investment. As a Even if a home didn't appreciate in value, a home acts as a home appreciates in value the owner is building wealth savings This is why owners have 40x the wealth of renters account On average they spend 10% less on housing than the Alyssia Fearing average renter Averago wage Owning a home is more affordable than renting and allows a family to build long-term wealth home under construction ratos increase nearly twice as faet as inflation making mortgage payments in Brainerd. more affordable Data published by: Graphic created by: Brandon & Tiffani York ground breaking URBAN Habitat for Humanity ef Mineseta in Sebeka (shown are the 3 boys). Lakes Area Promoting strength, stabity, and self-reliance through shelter in Cass, Crow Wing, Hubbard & Wadena Counties and the City of Staples Habitat for Humanity 218-828-8517 www.lakesareahabitat.org EN