[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1cd4q5h4hfh0g":3,"$ffeh0925h8cuz":37,"$fbwk2pqjjqsc7":41},{"item":4,"previous":27,"next":32},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":25,"updatedAt":26},194,"new-york-times-homeownership-is-best-way-to-build-wealth","New York Times: Homeownership is Best Way To Build Wealth","\r\n\r\nThe New York Times recently published an editorial entitled, “Homeownership and Wealth Creation.” The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment.\r\n...","","blog","https:\u002F\u002F\u002F","\u003Cimg class=\"alignnone size-full wp-image-29821\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2014\u002F12\u002FNew-York-Times.jpg\" alt=\"New York Times: Homeownership is Best Way To Build Wealth | Simplifying The Market\" width=\"600\" height=\"315\" \u002F>\r\n\r\nThe New York Times recently published an editorial entitled, \u003Cem>“\u003C\u002Fem>\u003Ca href=\"http:\u002F\u002Fwww.nytimes.com\u002F2014\u002F11\u002F30\u002Fopinion\u002Fsunday\u002Fhomeownership-and-wealth-creation.html?_r=2\">\u003Cem>Homeownership and Wealth Creation\u003C\u002Fem>\u003C\u002Fa>\u003Cem>.”\u003C\u002Fem> The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment.\r\n\r\nThe article explains:\r\n\u003Cblockquote>\u003Cem>“Homeownership long has been central to Americans’ ability to amass wealth; even with the substantial decline in wealth after the housing bust, the net worth of homeowners over time has significantly outpaced that of renters, who tend as a group to accumulate little if any wealth.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nMany of the points that were made in the article are on track with the research that the Federal Reserve has also conducted in their \u003Ca href=\"http:\u002F\u002Fwww.federalreserve.gov\u002Fpubs\u002Fbulletin\u002F2014\u002Fpdf\u002Fscf14.pdf\">\u003Cem>Survey of Consumer Finances\u003C\u002Fem>\u003C\u002Fa>.\r\n\r\nThe study found that\u003Cstrong> the average net worth of a homeowner ($194,500) is 36x greater than that of a renter ($5,400).\u003C\u002Fstrong>\r\n\r\nOne reason for this large discrepancy in net worth is the concept of ‘forced savings’ created by having a mortgage payment and was explained by the \u003Cem>Times\u003C\u002Fem>:\r\n\u003Cblockquote>\u003Cem>“Homeownership requires potential buyers to save for a down payment, and forces them to continue to save by paying down a portion of the mortgage principal each month.”\u003C\u002Fem>\r\n\r\n\u003Cem>“Even in instances where renters have excess cash, saving a substantial amount is difficult without a near-term goal, like a down payment. It is also difficult to systematically invest each month in stocks, bonds or other assets without being compelled to do so.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\n\u003Cem>“As a means to building wealth, there is no practical substitute for homeownership.”\u003C\u002Fem> If you are a renter who is considering making a purchase, sit with a local real estate professional who can explain the benefits of signing a contract to purchase over renewing your lease!","\r\n\u003Cem>“As a means to building wealth, there is no practical substitute for homeownership.”\u003C\u002Fem> If you are a renter who is considering making a purchase, sit with a local real estate professional who can explain the benefits of signing a contract to purchase over renewing your lease!","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2014\u002F12\u002FNew-York-Times.jpg",false,[17,21],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},11,"First-Time Buyers","first-time-buyers","2014-12-15T10:00:52Z","2014-12-15T10:03:24Z",{"id":28,"slug":29,"title":30,"featuredImage":11,"publishedAt":31,"contentType":10,"isVideo":15},193,"year-over-year-change-in-home-sales-by-price-point-infographic","Year-over-Year Change in Home Sales by Price Point [INFOGRAPHIC]","2014-12-12T10:00:50Z",{"id":33,"slug":34,"title":35,"featuredImage":11,"publishedAt":36,"contentType":10,"isVideo":15},195,"2015-the-return-of-the-millennial-home-buyer","2015: The Return of the Millennial Home Buyer","2014-12-16T10:00:07Z",{"cover":38,"open":39,"shareSpread":40},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[42,46,47,51,55,59,63,64,68,72,76,80,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148,152],{"id":43,"name":44,"slug":45},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":48,"name":49,"slug":50},6,"For Sellers","sellers",{"id":52,"name":53,"slug":54},7,"Foreclosures","foreclosures",{"id":56,"name":57,"slug":58},8,"Infographics","infographics",{"id":60,"name":61,"slug":62},9,"Home Prices","home-prices",{"id":22,"name":23,"slug":24},{"id":65,"name":66,"slug":67},34,"Senior Market","senior-market",{"id":69,"name":70,"slug":71},35,"Mortgage Rates","mortgage-rates",{"id":73,"name":74,"slug":75},38,"Move-Up","move-up",{"id":77,"name":78,"slug":79},41,"For Sale by Owner","for-sale-by-owner",{"id":81,"name":82,"slug":83},42,"Featured","featured",{"id":85,"name":86,"slug":87},45,"New Construction","new-construction",{"id":89,"name":90,"slug":91},52,"Luxury \u002F Vacation","luxury--vacation",{"id":93,"name":94,"slug":95},53,"Rent vs. Buy","rent-vs-buy",{"id":97,"name":98,"slug":99},80,"Time-sensitive","time-sensitive",{"id":101,"name":102,"slug":103},81,"Outdated","outdated",{"id":105,"name":106,"slug":107},147,"Internal","internal",{"id":109,"name":110,"slug":111},148,"Do Not Autopost","do-not-autopost",{"id":113,"name":114,"slug":115},320,"Inventory","inventory",{"id":117,"name":118,"slug":119},321,"Agent Value","agent-value",{"id":121,"name":122,"slug":123},322,"Affordability","affordability",{"id":125,"name":126,"slug":127},323,"Buying Tips","buying-tips",{"id":129,"name":130,"slug":131},324,"Downsize","downsize",{"id":133,"name":134,"slug":135},325,"Economy","economy",{"id":137,"name":138,"slug":139},326,"Equity","equity",{"id":141,"name":142,"slug":143},327,"Forecasts","forecasts",{"id":145,"name":146,"slug":147},328,"Selling Tips","selling-tips",{"id":149,"name":150,"slug":151},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":153,"name":154,"slug":155},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]