Building Wealth with Homeownership
Historically, homes are a solid long-term investment. For the past 40 years, real estate has delivered the most consistent positive return over any investment.
When you buy a home, you are building equity and adding to your assets. According to the Federal Reserve Board, the average renter’s net worth is $4,800, while the average homeowner’s net worth is $171,000.
Finally, you’ll see a sizable difference each year when you claim the mortgage interest deduction on your taxes.
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