Search This Blog

Wednesday, October 7, 2020

A SoCal Homeowner’s Net Worth Is 40x Greater Than a Renter

A SoCal Homeowner’s Net Worth Is 40x Greater Than a Renter: One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a home................ BY 
Real Estate Agent with Allison James Elite CA. BRE 01501699
 
A Homeowner’s Net Worth Is 40x Greater Than a Renter’s | MyKCM

One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they’re so affordable in today’s market.

Every three years the Survey of Consumer Finances shows the breakdown of how owning a home helps build financial security. In the graph below, we see that the average net worth of homeowners continues to grow, while the net worth of renters tends to hold fairly steady and be significantly lower than that of homeowners. The gap between owning and renting just keeps getting wider over time, making homeownership more and more desirable for those who are ready.A Homeowner’s Net Worth Is 40x Greater Than a Renter’s | MyKCM

Owning a home is a great way to build family wealth.

For many families, homeownership serves as a form of ‘forced savings.’ Every time you pay your mortgage, you’re contributing to your net worth by increasing the equity you have in your home (See chart below):A Homeowner’s Net Worth Is 40x Greater Than a Renter’s | MyKCMThe impact of home equity is part of why Gallup reports that Americans picked real estate as the best long-term investment for the seventh year in a row. According to this year’s survey, 35% of Americans chose real estate over stocks, savings accounts, gold, and bonds.

Today, there are great opportunities available for those planning to buy a home. The housing market has made a full recovery, and all-time low interest rates are giving homebuyers a big boost in purchasing power. If you’re ready, buying a home this fall can set you up to increase your net worth and create a safety net for your family’s future.

Bottom Line

To learn how you can use your monthly housing cost to build your family’s net worth, let’s connect so you have a trusted professional to guide you through the homebuying process.

 

 

https://chrisbjohnsonrealtor.allisonjamesinc.com/ask/f3dbcb3921f86f5ee5557c696489bc96

https://youtu.be/p4-VfR1DJNA

https://youtu.be/CRCXLh4EycU

https://www.ratemyagent.com/real-estate-agent/chris-b-johnson-xu316/reviews

http://www.VCNeighborhoodValues.com

http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/blog.php

http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/

https://ajirealestate.com/chris-johnson/  

http://my.flexmls.com/ChrisBJohnsonRealtor

https://www.idealestate.co/profile/76080/profile

https://www.simplifyingthemarket.com/en/?a=97822-26df5ea08f8689012df0225866ae0bf1

https://www.linkedin.com/today/author/chrisbjohnson

https://www.linkedin.com/in/chrisbjohnson/detail/recent-activity/posts/

https://www.linkedin.com/pro/chrisbjohnson

http://www.linkedin.com/in/chrisbjohnson

https://activerain.com/profile/chrisbjohnson

https://activerain.com/blogs/chrisbjohnson

https://www.youtube.com/c/ChrisBJohnsonRealtor

http://chrisbjohnsonrealtorluxuryhomes.blogspot.com/

https://moorpark-short-sale-specialist.business.site

https://chris-b-johnson-realtor.business.site/

http://www.facebook.com/ChrisBJohnsonRealtor

http://www.ChrisBJohnsonRealtor.com

http://www.twitter.com/CBJRealtor

https://www.pinterest.com/chrisbjohnsonre/

https://www.instagram.com/chrisbjohnsonrealtor/

https://www.facebook.com/VenturaCountyEstateShortSaleBankOwnedRealtor/

http://www.facebook.com/MoorparkShortSaleSpecialist

http://www.facebook.com/StopForeclosureVenturaCounty

https://www.bidonhomes.com/propertydetail/139?fbclid=IwAR1Rf_fH0seFuqJNg5X9TtFNTw-FaPxXf87SpcNalS1kbLlV_qJDeIKK8o0

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
TOPIC:
 Home Buying
LOCATION:
 
California Ventura County
TAGS:
 
topproducer
 
hyperlocal
 
firsttimehomebuyers
 
chrisbjohnsonrealtor
 
timetobuy
 
5starrealtor
 
moveuphomebuyers
 
709orchardst
#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,#HyperLocal,
#ChrisBJohnsonREALTOR,#TopProducer, #709OrchardSt

No comments:

Post a Comment