A recent Survey of Consumer Finances study released by the
Federal Reserve reveals the net worth of homeowners is forty times greater than
that of renters. If you’re wondering if homeownership is a good investment, the
study clearly answers that question, and the answer is yes.
Do Americans believe a home is a better investment than
In a post on the Liberty Street Economics blog, the Federal Reserve
Bank of New York notes that 93.3% of Americans believe buying a home is
definitely or probably a better investment than buying stocks.
Here’s how the results break down:
The survey also shows a wide range of reasons why Americans
feel that way (respondents were able to pick more than one answer):
The data show how strongly Americans believe in
homeownership as an investment. That belief is warranted. The Liberty Street
Economics blog put it best by saying:
“Housing represents the largest asset owned by most
households and is a major means of wealth accumulation, particularly for the