Net Worth for Homeowners Increases Over
Renters in 2016
Net Worth for Homeowners increases over Renters in 2016 to 45x greater compared to 36x greater in 2015.
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.
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.
“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.”
Net Worth for Homeowners increases over Renters in 2016
If you have been renting and are still on the fence as to whether or not to buy a home, let us show you how you can build your family’s net worth through homeownership.
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Living in Scottsdale Ranch
Scottsdale Ranch is a luxury master-planned community in the northern part of Scottsdale, Arizona. Covering 1,100 acres of Maricopa County, Scottsdale Ranch is presently home to more than 7,000 people.
A residential community, Scottsdale Ranch offers many varieties of homes to suit anyone's needs both financially and lifestyle. There are condos for the people just starting out, private patio homes requiring little outside maintenance, spacious and friendly single family homes and stately custom built waterfront homes found on Lake Serena. Intermixed in the Ranch is convenient shopping and dining at the Mercado. Living in Scottsdale Ranch has something to offer everyone. Stroll through the Desert Garden and admire butterfly gardens, hummingbird nests and much more. The Senior Center is centrally located on Via Linda along with Scottsdale Ranch Park where Little League baseball is played. This is truly a community where kids can walk to nearby Laguna School.
Call me, John Sposato at 602-571-3730 so I may personally show you any home for sale in Scottsdale Ranch.
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