Posted by: rgmorgan | March 24, 2011

Does Owning Your Home Positively Impact Your Wealth Today?

Despite all that has negatively impacted the housing market and equity in homes home ownership is still one of the most important factors in building personal wealth. Unlike some investments such as the stock market where it is possible for an investment to zero out to no worth real estate even in bad times retains some worth. In what has been one of the worst real estate markets in recent history very few investments had as great an impact on one’s wealth.
I have attached a brief presentation from the NAR that gives you some insight into how owning your own home would positively affect your total wealth. Just click on Wealth building
In a recent study conducted by Wells Fargo the vast majority of people across all ethnic groups still strive to own their own home. It appears that this is not only an emotional decision but a prudent fiscal decision.

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