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Does Home Ownership Still Make Sense?

March 5, 2015 By Geoffrey Disch Leave a Comment

Green Escrow Services | Rent or Buy

The sharp recession in 2007-8 and the astronomical rise in home prices in the last two years have industry analysts wondering if home ownership is still a viable route to greater wealth in the United States.

Recent research has come up with an answer -and it’s a resounding YES!

According to The Center for Responsible Lending the median net worth of homeowners in 2013 was $195,400, while the median net worth for renters was $5,400.

Moreover, experts point out that the “forced savings” in owning a home are a huge factor in providing homeowners with more wealth than renters.

The conclusion: while home ownership certainly entails real financial risks, home ownership is still a viable method for accumulating wealth.

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Filed Under: Homeowners Tagged With: home ownership

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Our clients say...

“In my 30 years of doing business with escrow and title companies, my experience with Green Escrow is among the best and is at the highest level. Anytime I have the opportunity to suggest a service provider for title and escrow, I passionately recommend Green Escrow… they are responsive, intelligent and great professionals to have representing my clients and me. Thank you!”
by Glenna Nickerson, Sierra Pacific Mortgage

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San Ramon, CA 94583
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