Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). This figure is expected to climb through 2016 especially areas such as Houston where renting is more expensive than buying. With interest rates still extremely low its a great time to buy. For the full article see: Homeowner’s Net Worth is 45x Greater Than a Renter’s
thumbnail courtesy of keepingcurrentmatters.com
Homeowner’s Net Worth is 36x Greater Than a Renter’s
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