Mark Loewenberg PA 561-214-0370: 2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter

2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter

2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter | Simplifying The Market

2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter

 

In a recent Forbes article the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater.

The graph below demonstrates the results of the last two Federal Reserve studies and Yun’s prediction:

Increasing Gap in Family Wealth | Simplifying The Market

Put Your Housing Cost to Work For You

Simply put, homeownership is a form of ‘forced savings’. Every time you pay your mortgage you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth.

The latest National Housing Pulse Survey from NAR reveals that 80% of consumers believe that purchasing a home is a good financial decision. Yun comments:

“Though there will always be discussion about whether to buy or rent, or whether the stock market offers a bigger return than real estate, the reality is that homeowners steadily build wealth. The simplest math shouldn’t be overlooked.”

Bottom Line

If you are interested in finding out if you could put your housing cost to work for you through homeownership, let's get together and discuss your options. Call Mark anytime at 561-214-0370 or visit www.ForSaleHomeSearch.com to see the available properties for sale

Mark Loewenberg 561-214-0370
KW Broker Associate
Palm Beach Gardens, FL
Single Family, Multi Acre and Equestrian Specialist In Palm Beach and Martin Counties.
 
 
 
 

Mark Loewenberg PA

561-214-0370

Broker Associate
Keller Williams REALTOR®

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Comment balloon 5 commentsMark Loewenberg • October 26 2015 07:32AM

Comments

I have KCM too, but I usually share it on other sites, not AR....good info

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) about 3 years ago

Hi Mark,

I have used this KCM graphic with renters and it WORKS!  KCM is a great tool.

Posted by Wayne and Jean Marie Zuhl, The Last Names You'll Ever Need in Real Estate (Samsel & Associates) about 3 years ago

Certainly an eye opening graph and information about the benefits of home ownership.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 3 years ago

Mark do not confuse the Renters with facts they rather live above their means in good neighborhoods:))Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) about 3 years ago

Wow!  That's a startling statistic.  Thank you for posting this information.

Posted by Bruce Brockmeier, Coached By Crouch (Internet Marketing Consultant to REALTORS®) about 3 years ago

Participate