It has been said time and time again. Homeownership builds and delivers family wealth in life! According to this article in KeepingMattersCurrent.com, from purchasing your first home to your final retirement home, homeownership is key to developing wealth.
“There are many financial benefits to homeownership, but probably none more important than its ability to create family wealth.”
How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is an online resource for research and information on how homeownership contributes to individual and community success.
Their article, The First Rung on the Ladder to Economic Opportunity Is Housing, explains the importance of homeownership to a family’s financial health. In that article, they simply stated:
“The ladder to economic success can stretch only so high without the asset-building power of homeownership.”