Home Ownership, Yay or Nay?

By
Real Estate Agent with Keller Williams Realty Evolution - Topsfield, MA 92593-B

It's the Great American Dream that most people strive for. Some buy big homes and others buy smaller homes and some will always rent. But, in the end, owning a home has many benefits and is the best way to accumulate wealth. 

Homeownership Wins Over Time

Homeownership Wins Over Time [INFOGRAPHIC] | Keeping Current Matters

Some Highlights

  • If you’re questioning whether or not to buy a home this year due to today’s cooling market, consider the long-term financial benefits of homeownership.
  • As a homeowner, equity increases your wealth. On average, nationwide, home prices appreciated by 290.2% since 1991.
  • Homeownership wins in the long run. If you’re ready to buy a home, reach out to a local real estate professional today.

 

Thank you to KCM for providing the infographic

Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

Comments (24)

Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

I'm not surprised Montana has seen the highest growth rate in home prices per this map. It was discovered.

Nov 08, 2022 05:02 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

YAH! Thanks for your post, enjoyed it today.  Happy Taco Tuesday, and DONT FORGET TO VOTE TODAY. bill

Nov 08, 2022 05:31 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Doug and thank you for the great information in your blog to share with us here in the Rain.  Make it a great day!

Nov 08, 2022 08:21 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Doug, homeownership will always be worthwhile, to accumulate equity for retirement someday.

Nov 08, 2022 09:54 AM
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

Maintenance and home improvement cost $ through the years, and those interest payments are a killer over time.  However, there are so many intangible benefits to owning that must also be considered.

Nov 09, 2022 09:13 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hello Grant Schneider agreed. For the average person their home is their biggest asset

Nov 09, 2022 09:41 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Sham Reddy CRS 

For most people that is true Others are professional investors

Nov 09, 2022 09:44 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Wayne Martin we agree but it is not the only path to wealth "best though" imo

Nov 09, 2022 09:45 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

i know several senior citizens that have opted to sell their homes and then rent Dorie Dillard Austin TX but owning is a proven best way to wealth

Nov 09, 2022 09:54 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Personally, I'm sorry to hear that But, people have to live somewhere Kat Palmiotti 

Nov 09, 2022 09:56 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Bill Salvatore - East Valley... lol

I did vote. Our town had an over 50% turnout

Nov 09, 2022 09:58 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Thanks for stopping by Will Hamm 

Nov 09, 2022 10:00 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Absolutely Joan Cox and I hope the masses will remain able too

Nov 09, 2022 10:01 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

There are always costs in ownership Mary Hutchison, SRES, ABR such as those you stated.

Nov 09, 2022 10:04 AM
Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

The key to building wealth is utilizing leverage. Most people can't comprehend the rule of 72 and how to use it effectively while using leverage to increase their wealth, yet, those that do are handsomely rewarded. The key to building wealth is taking action and not watching others get wealthy. 

Nov 12, 2022 05:56 PM
Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse Advisor

Nearly 80% of my mortgage payment right now is principal- building my equity. For all the renters out there- their rental payments are currently a bit cheaper on the rent to own scale- but it doesn't offset anywhere near that wide of a spread. Add to it the appreciation factor and tax deductions...and financially it is a yay for me. While there have been periods of price swings, even if I were to flatten the curve a bit- I would still be better financially off owning vs. renting. 

Nov 13, 2022 04:17 PM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Kimo Jarrett The rule of 72 is not understood nor taught and should be.

"The key to building wealth is taking action and not watching others get wealthy."

Nov 15, 2022 07:23 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Absolutely Adam Feinberg 

There are many reasons to own real estate and you mentioned a few very good ones 

Nov 15, 2022 07:25 AM
Roy Kelley
Retired - Gaithersburg, MD

This is a good report to share.

Home ownership continues to provide the best pathway to family wealth.

 

Thanksgiving 2021: 100 Happy Thanksgiving Messages, Wishes For All |Golden  News

 

Nov 23, 2022 10:07 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Thank you Roy Kelley 

We had a good Thanksgiving and am now gearing up for Christmas

Dec 03, 2022 08:17 AM