Homeownership Offers Stability And Wealth Creation

Dated: 02/07/2017

Views: 139

Homeownership builds wealth



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.


Latest Blog Posts

Portland Oregon Residential Real Estate Review May 2018

Portland Oregon Residential Real Estate Review April 2018May 2018 Residential Highlights New listings made some gainsthis May in the Portland metro area. At 4,665, new listings outpaced

Read More

Why Do Renters Move In The Portland Market Area

Why Do Renters Move? - How Affordable are Rentals?Ever wonder why renters move, or what the primary reason are causing renters to move from the home or apartment they are renting in

Read More

Investment Property 19712 SW 68th Ave Tualatin OR 97062

Tualatin Duplex - $350,000I found this duplex in an area of good Tualatin schools in an easy to rent area! The cost is reasonable and the finances pencil out nicely. See the Prospectus

Read More

Video Walk Thru And Price Opinion Of 16019 SW Hawk Ct Sherwood OR 97140

Link to the Listing for 16019 SW Hawk Ct Sherwood OR 97140Observations:Overall the home shows well and appears to be in overall good condition. The roof has had moss but does appear to have been

Read More