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 Owning a home has its benefits. But there are compelling reasons — cost, for one — why renting may be smarter. Pixelbliss / Shutterstock.com

If you want to look like a successful adult, one thing you can do is own a home. Or at least that’s what 70% of adults told Wells Fargo. The bank surveyed 1,004 adults ages 21 and up, finding that most of them thought homeownership far outpaced life events like marriage and having children when it comes to signaling whether someone is a “successful adult.” They might have it wrong, though.

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