The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000 | CNN Business

CNN  — 

Two years ago, Elizabeth Grantham decided she didn’t want to rent much longer, so she moved from her hometown in the pricey San Francisco Bay Area to Washington state to save up to buy a home.

“Our rent was getting raised every year. Even the cost of the parking space at our apartment complex went up,” Grantham, who is 31, recently told CNN. “Then eventually you move, and soon that rent starts to rise. That’s how it’s gone for most of my adult life.”

The story of the housing market over the

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