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"Our House
Its a Very, Very
Fine House
With two
 cats in the yard....."
LOVE Your
Home and It Will LOVE you back
by providing your family with a backdrop
for future
milestones, warm memories and as a wealth-creating asset.
A wealth-creating asset is a possession that generally increases in value or provides
a return,such as: A savings account - A retirement plan -
Stocks and bonds
A house
The Federal Reserve’s Survey of Consumer Finances has consistently found a
huge gap between the wealth
piled up by homeowners and that accumulated by
renters. Average net worth of homeowners vs. renters at
various annual income levels:
Income: $80,000 and up
Owners' average net worth: $451,200
Renters' average net worth: $87,400
Income: $50,000 to $79,999
Owners' average net worth: $194,610
Renters' average net worth: $25,000
Income: $30,000 to $49,999
Owners' average net worth: $126,500
Renters' average net worth: $10,600
Income: $16,000 to $29,999
Owners' average net worth: $112,600
Renters' average net worth: $4,240
Income: Under $16,000
Owners' average net worth: $73,000
Renters' average net worth: $500
Home ownership builds wealth in two ways: through the “forced savings” of paying
down a mortgage, and through appreciation -- the rise in the home’s value over time.
Start building wealth and begin your Columbus real estate search today.
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