Recent Consumer Finance Survey study published by the Federal Reserve reveals that the net worth of homeowners is forty times larger than that of tenants. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes.
Do Americans believe that a home is a better investment than stocks?
In a post in the Liberty Street Economics blog, the Federal Reserve Bank of New York notice that 93.3% of Americans believe buying a home is definitely or probable a better investment than buying shares.
The data shows how strongly Americans believe in home ownership as an investment. That belief is justified. La Liberty Street Economics blog best said:
“Housing represents the largest asset owned by most households and is a major means of accumulating wealth, especially for the middle class.”
Content previously posted in Keep Current Things