Homeownership Offers Stability & Wealth Creation

Home / Blog / Homeownership Offers Stability & Wealth Creation

Homeownership Offers Stability & Wealth Creation

The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:

  1. They want the opportunity to build equity.
  2. They want a stable and safe environment.

Building Equity

In a recent article by The Mortgage Reports, they report that “buying and owning a home is the essence of ‘The American Dream.’ Each month, your housing payments go toward owning your home instead of renting it; building your personal wealth and assets instead of someone else’s.

History has shown that homeownership is a clear path to wealth-building, with homeowners boasting a net worth [that is] multiples higher than the net worth of renters.”  

Family Stability

Does owning your home really create a more stable environment for your family?

survey of property managers conducted by rent.com disclosed two reasons tenants should feel less stable with their housing situation:

  • 68% of property managers predict that rental rates will continue to rise in the next year by an average of 8%.
  • 53% of property managers said that they were more likely to bring in a new tenant at a higher rate than to negotiate and renew a lease with a current tenant they already know.

We can see from these survey results that renting will provide anything but a stable environment in the near future.

Bottom Line

Homeowners enjoy a more stable environment, and at the same time are given the opportunity to build their family’s net worth.

826c831c d3b9 4dfb bd68 f14a8ccfd5a2 7fcd1abd dd48 407b 8bed 3915d9d2f4f4 cd9379b6 019a 490b be22 edbc6f096051 f239280f 527a 4e3a 86fb b0ffcd3c424a 5bb779b1 8b1f 4266 b943 a39ad94702eb e3e1c650 9761 4e5c a3b1 cbcccde7a2d3 70578dbb 1bb6 4e8a 922e aebdde00a30c 42d6585c 34ff 4f36 ac57 9f7272961d35 960549d3 0082 4359 b17f 5591756ac6e3 271c07e4 c032 45df 8631 30ab617f3647 1958a9c3 02e8 4739 af24 e07a933cc081 c3a0882e f146 43bb 831e 8ee32b223ed9 de97cdbf 238b 4e85 b7c7 a28947734232 00b9e8fe 0a40 4423 9abf fbb6ada4874f 4a396738 11aa 4025 9853 525779927178 a5b041e4 4e58 4bb2 9eaa 44fa17a83a8c 97769067 5062 4b94 9750 a7656f73e568 d31c2de9 d85f 4e17 8c2d 38434d18034e c8018616 9ecd 470c 9de8 bfe4f8c5d0d9 0ca28cb3 c5e1 4ff5 a40d cd44ab9e3d22 8540b304 66cb 4c08 84c9 253e7ebffcaf 04506a28 7ba5 49ed 962c 882c2652d16e c0d59fea 5449 4fe7 9633 7a5dfc261196