Home ownership has long been associated with individual wealth. In fact, there are few endeavors an individual can undertake that have as drastic an impact on your net worth as owning real estate. In this blog post, Brandon Turner of BiggerPockets.com lists four ways real estate can help you create some serious net worth.
Warren Buffett is Selling His Home
Warren Buffet, the second wealthiest person in the United States is selling his Laguna Beach home
Study Shows Again Home Ownership to be a Better Way of Accumulating More Wealth
According to the latest national index report produced by Florida International University and Florida Atlantic University faculty, real estate market in the country remains in buy territory. Beracha, Hardin III and Johnson (BH&J) Buy vs. Rent home price Index has revealed that home prices climbed by about 5.4 percent in December 2015 as compared to the previous year. This price rise rate is the fastest since July 2014. Therefore, homeowners have a lucrative opportunity to accumulate more wealth, on average, than renters. BH&J examined the entire United States’ housing market, as well as the real estate market trends of 23 key cities and compared the data with, FAU reported. The researchers employed a horse race contrast between an individual who is buying a house and a person who rents a comparable quality residence and reinvests the money on bonds and stocks. Ken Johnson, a Professor at FAU and Real Estate …