Homeowners Build Networth At Higher Rate Than Renters
By KAREN SANCHEZ, ...Marketing your home like no one else will.
( Reputable Realty)
ce in wealth between renters and homeowners is substantial in the United States, and it is one of the strongest financial arguments for homeownership. The key reason is that homeowners build equity in an asset that can appreciate over time, while renters generally do not build ownership in the property they live in.That doesn't mean every homeowner is wealthy or every renter is financially behind. But over decades, the difference can become significant.The numbers tell the storyU.S. household wealth, based on the Census Bureau's 2023 wealth report Homeowners 48× Median wealth compared with renters Renters 1× The comparison baseline Source: U.S. Census Bureau, Wealth of Households: 2023. Census The Census Bureau also found that homeowners' median wealth was still 18.5 times...
Comments
1