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Fort Myers FLA. Net Worth: A Homeowner’s is 36x Greater Than A Renter!
 

From the desk of Joe Kendall Broker Associate with Shore Line Realty.
Over the last 6 years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. Now the last three years has shown strong growth and experts project southwest Florida to be one of the strongest real estate markets in the United States over the next 10 years!
Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups.
Some of the findings revealed in their report: The average American family has a net worth of $81,200 Of that net worth, 61.4% ($49,856) of it is in home equity A homeowner’s net worth is over 36 times greater than that of a renter The average homeowner has a net worth of $194,500 while the average net worth of a renter is $5,400  Bottom LineThere are many reasons why owning a home makes sense, the Fed study shows that owning is still a great way for families to build wealth in America! 
Thinking about investing in Southwest Florida? I have been ... more

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