AGENTS: Did you know you can share a personalized version of this post? Learn more!
, ,

Building Wealth: First Rung on the Ladder is Housing

Building Wealth: First Rung on the Ladder is Housing

How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is “an online resource for the most rigorous research and practical information on how a quality, stable, affordable home in a vibrant community contributes to individual and community success”.

A recent story they published, The First Rung on the Ladder to Economic Opportunity Is Housing, discussed the importance of having affordable housing available to as many families as possible because:

“The ladder to economic success can stretch only so high without the asset-building power of homeownership.

Home equity provides Americans with the ability to send their children to college with less student loan debt and is the primary source of funds for retirement. Half of the assets of Americans over age 55 are in their home.”

Bottom Line

We have often posted that the net worth of a family owning a home is 45 times greater than that of a family that rents. That is not a coincidence.


Members: Sign in now to set up your Personalized Posts & start sharing today!

Not a Member Yet? Click Here to learn more about KCM’s newest feature, Personalized Posts.

Have You Set Up Personalized Posts Yet? | Keeping Current Matters

We believe every family should feel confident when buying & selling a home. KCM helps real estate professionals reach these families & enables the agent to simply & effectively explain a complex housing market. Take a 14-Day Free Trial of our monthly membership to see how we can help you!

1 reply
  1. Lori
    Lori says:

    When I read your comment that “the net worth of a family owning a home is 45 times greater than that of a family that rents” I cringe a little. Well, ok maybe I cringe a lot. Unfortunately there are still many, many homeowners and previous homeowners out there who were slammed during the market bubble pop and they are still feeling the effects of this on their financial health. I know many who would argue that their net worth is in ruins as a result of home ownership. Yes, in theory the statement seems true. But in reality it is not for many people.

    Reply

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *