A recently available Survey of Consumer Finances study released by the Federal Reserve reveals the web worth of homeowners is forty times higher than that of renters . If you’re wondering if homeownership is an excellent investment, the scholarly study clearly answers that question, and the solution yes is.
Do Americans believe a genuine home is really a better investment than stocks?
In a post on the Liberty Street Economics blog, the Federal Reserve Bank of NY notes that 93.3% of Americans believe investing in a home is definitely or probably an improved investment than buying stocks.
Here’s the way the results breakdown: The survey also shows an array of reasons why Americans believe that way (respondents could actually pick several answer):
The info show how Americans have confidence in homeownership being an investment strongly. That belief is warranted. The Liberty Street Economics blog put it best by saying:
“Housing represents the biggest asset owned by most households and is really a major method of wealth accumulation, for the center class particularly.”
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