- @yoshitakita
- New York, NY
- 3 years ago
Experts Agree: Homeownership Provides a Path to Long-Term Wealth
bit.ly/3lv954T
Experts Agree: Homeownership Provides a Path to Long-Term Wealth | MyKCM
A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include:
The flexibility to make the space your own
The pride homeownership offers
The sense of stability
In the same survey, 41% of respondents say they’d rather own a home than rent because of the unique way homeownership builds wealth over time.
And experts agree – the home you own is an important tool for building your net worth. Here’s what many of those experts have to say about building long-term financial stability through homeownership.
According to the National Association of Realtors (NAR):