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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...

“I’ve been in this industry for over 20 years. I have seen both fantastic and just “ok” escrow officers. The Escrow Officer and her team are typically the last stop for a borrower during the purchase or refinance transaction. You want that person and team to be personable, professional and helpful to your client. Kathy and her team at Green Escrow has surpassed my expectations. The team has gone the extra mile to ensure my file closed on time and without incident. I’m looking forward to continued success with Green Escrow.””
by Adina Erridge, Bay Equities Home Loans

2010 Crow Canyon Place
Suite 212
San Ramon, CA 94583
Office: (925) 523-3232
Fax: (925) 523-3231

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