Since 2003 Art has gained valuable experience selling real estate in the greater Orange County Area (L.A., Orange, San Bernardino & Riverside Counties) Read More →
Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau,shared the biggest determinants of wealth,
“The biggest determinants of household wealth [are] owning a home and having a retirement account.” (Shown in the graph below):
This does not come as a surprise, as we often mention that homeownership can help you to increase your family’s wealth. This study reinforces that idea,
“Net worth is an important indicator of economic well-being and provides insights into a household’s economic health.”
Having equity in your home can help your family move in that direction, building toward substantial financial growth. According to the report noted above, people are not only creating net worth in the homes they live in, but many are also earning equity in rental property investments too. (See below):John Paulson said it well,
“If you don’t own a home, buy one. If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.”
Bottom Line
There are financial and non-financial benefits to owning a home. If you would like to increase your net worth, let’s get together so you can learn all the benefits of becoming a homeowner.
Since 2003 Arthur has gained valuable experience selling real estate in the greater Orange County Area (L.A., Orange, San Bernardino & Riverside Counties). Working closely with Asset Managers of REO Properties: Broker Price Opinions, Cash for Keys, Vendor Contacts and Property Preservation. Arthur has been able to help many with his passionate representation: continual pursuit of education and training (making him a Certified Distress Property Expert and REO Specialist) coupled with his desire to go the extra mile for his clients.