homeownership is forced savings: 2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter
- 10/27/15 03:19 AM
Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). In a recent Forbes article the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater. The graph below demonstrates the results of the last two Federal Reserve studies and Yun’s prediction: Put Your Housing Cost to Work For YouSimply put, homeownership is a form of ‘forced savings’. Every time you pay your mortgage … (1 comments)
My blog consists of a variety of useful information pertaining to real estate news and information I come across during my working days! My intention is to educate you on all of your real estate options and choices when it comes to investing in the Kauai Real Estate Market.
As your consultant, I provide you with "news so you can choose" rather than "tell you so I can sell you." Please feel free to review my real estate background, interview me and ask questions to establish that my team and I are the right fit for your short- and long-term real estate goals.
Sharing Your Goals,
Kristine Dugan | RS-85568
Huki Team | KW Kauai | RB-21975
Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).
;)
;)
