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Building Wealth With Real Estate

Building Wealth With Real Estate

Building Wealth With Real Estate

 

 

Studies have shown that the net worth of a family owning a home is 45 times greater than that of a family that rents.  Indeed, over the last century real estate has been responsible for a significant amount of American wealth increases.

“The major fortunes in America have been made in land.”- John D. Rockefeller

A recent story published by  How Housing MattersThe First Rung on the Ladder to Economic Opportunity Is Housing, discusses 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

Real Estate is still one of the best investments you can make because of these reasons:

  1. You can use leverage to buy it
  2. There is a finite supply of real estate
  3. Tax benefits
  4. It can create cash flow
  5. Potential for appreciation
  6. You can reduce the debt in real terms over time

#FamilyGuideToFinances #FilbertRealEstate #MovingtoBoise

 

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