The net worth of a homeowner is on average over 44 times greater than that of a renter. One way to look at it is that home ownership works as a form of forced savings. Every time home owners pay their mortgage, they are contributing to their net worth by increasing the equity in their home. But every time someone pays rent, they are contributing to the wealth of their landlord. With rents skyrocketing in the Phoenix metro area and the availability of low down payment loans, it makes more sense to buy and not rent.