On average in Dallas, rent is roughly a thousand dollars a month. Mortgage payments would be about seven hundred dollars a month. On top of that you'd have to pay maintenance taxes and insurance. The equity portion is actually your savings that gets invested in the house. As the house appreciates, you own a percentage of the house....
To kick off this season of "The Next Unicorns," Adena Hefets, CEO of Divvy Homes, joins to discuss how they are helping Americans blaze a path to owning a home (2:51), if we are in a real estate bubble (25:37), the American home shortage (34:53) and more!