The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:
In a recent article by The Mortgage Reports, they report that “buying and owning a home is the essence of ‘The American Dream.’ Each month, your housing payments go toward owning your home instead of renting it; building your personal wealth and assets instead of someone else’s.
History has shown that homeownership is a clear path to wealth-building, with homeowners boasting a net worth [that is] multiples higher than the net worth of renters.”
Does owning your home really create a more stable environment for your family?
A survey of property managers conducted by rent.com disclosed two reasons tenants should feel less stable with their housing situation:
We can see from these survey results that renting will provide anything but a stable environment in the near future.
Homeowners enjoy a more stable environment, and at the same time are given the opportunity to build their family’s net worth.
About Rick Thompson
Rick Thompson specializes in listing, marketing and selling homes in the Las Vegas and Henderson area. If you are looking to buy or sell a home or would just like information of the area's market, please call me at 702-755-6032 or email me at Rick.Thompson@cbvegas.com.
Courtesy of Keeping Current Matters