Posts from February 2019
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13
Home Ownership Is Still an Important Part of the American Dream
Studies have shown, the vast majority of Americans believe that homeownership is an important part of their American Dream. The benefits of homeownership are both financial and non-financial reasons (emotional/social).
As an added bonus, for Americans approaching retirement age, one of the greatest benefits to homeownership is the added net worth they have been able to achieve simply by paying their mortgage!
The Joint Center for Housing Studies at Harvard University focused on homeowners and renters over the age of 65. Their study revealed that the difference in net worth between homeowners and renters at this age group was actually 47.5 times greater, with nearly half their net worth coming from home equity!
