"Our House  Its a Very, Very Fine House  With two  cats in the yard....." LOVE Your Home and It Will LOVE you back
by providing your family with a backdrop for future
milestones, warm memories and as a wealth-creating asset.
A wealth-creating asset is a possession that generally increases in value or provides
a return,such as: A savings account - A retirement plan - Stocks and bonds
A house The Federal Reserve’s Survey of Consumer Finances has consistently found a
huge gap between the wealth piled up by homeowners and that accumulated by
renters. Average net worth of homeowners vs. renters at various annual income levels:
Income: $80,000 and up
Owners' average net worth: $451,200 Renters' average net worth: $87,400
Income: $50,000 to $79,999
Owners' average net worth: $194,610 Renters' average net worth: $25,000 Income: $30,000 to $49,999
Owners' average net worth: $126,500 Renters' average net worth: $10,600 Income: $16,000 to $29,999
Owners' average net worth: $112,600 Renters' average net worth: $4,240 Income: Under $16,000
Owners' average net worth: $73,000 Renters' average net worth: $500 Home ownership builds wealth in two ways: through the “forced savings” of paying
down a mortgage, and through appreciation -- the rise in the home’s value over time.
Start building wealth and begin your Columbus real estate search today. |