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Homeowner’s Net Worth Is 45x Greater Than A Renter’s

Dec 27, 2016   //   by Ben Gerritsen   //   Mortgage News  //  Comments Off on Homeowner’s Net Worth Is 45x Greater Than A Renter’s

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Homeowner's Net Worth Is 45x Greater Than a Renter's | Simplifying The Market

Every three years, the Federal Reserve conducts a

Put Your Housing Cost to Work for You

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth.

The latest National Housing Pulse Survey from NAR reveals that 85% of consumers believe that purchasing a home is a good financial decision. Yun comments:

“Though there will always be discussion about whether to buy or rent, or whether the stock market offers a bigger return than real estate, the reality is that homeowners steadily build wealth. The simplest math shouldn’t be overlooked.”

Bottom Line

If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, let’s get together and evaluate your ability to buy today!

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