[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fo1jd4q19zvxz":3,"$ffeh0925h8cuz":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"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},375,"new-york-times-homeownership-is-best-way-to-build-wealth-2","New York Times: Homeownership is Best Way To Build Wealth","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. In a \u003Cem>New York Times\u003C\u002Fem> editorial entitled, \u003Cem>“\u003C\u002Fem>\u003Cem>\u003Ca href=\"http:\u002F\u002Fwww.nytimes.com\u002F2014\u002F11\u002F30\u002Fopinion\u002Fsunday\u002Fhomeownership-and-wealth-creation.html?_r=2\">Homeownership and Wealth Creation\u003C\u002Fa>\u003C\u002Fem>\u003Cem>” \u003C\u002Fem>they explain:\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\n","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F08\u002F01162156\u002FNew-York-Times.jpg","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. In a \u003Cem>New York Times\u003C\u002Fem> editorial entitled, \u003Cem>“\u003C\u002Fem>\u003Cem>\u003Ca href=\"http:\u002F\u002Fwww.nytimes.com\u002F2014\u002F11\u002F30\u002Fopinion\u002Fsunday\u002Fhomeownership-and-wealth-creation.html?_r=2\">Homeownership and Wealth Creation\u003C\u002Fa>\u003C\u002Fem>\u003Cem>” \u003C\u002Fem>they explain:\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\n\u003C!--more-->Many of the points that were made in the article are on track with the research that the \u003Cem>Federal Reserve\u003C\u002Fem> has also conducted in their \u003Cem>\u003Ca href=\"http:\u002F\u002Fwww.federalreserve.gov\u002Fpubs\u002Fbulletin\u002F2014\u002Fpdf\u002Fscf14.pdf\">Survey of Consumer Finances\u003C\u002Fa>\u003C\u002Fem>.\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\nThe \u003Cem>National Association of Realtors (NAR)\u003C\u002Fem> expanded on the Federal Reserve’s research and projected that by the end of 2015, the average homeowner will have nearly 41x the net worth of a renter. Their findings are detailed in the graph below:\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F08\u002FIncreasing-Gap-STM.jpg\">\u003Cimg class=\"alignnone wp-image-31739\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F08\u002FIncreasing-Gap-STM.jpg\" alt=\"Increasing Gap in Family Wealth | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\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>\u003Cstrong> \u003C\u002Fstrong>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003Cem> \u003C\u002Fem>\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, let's get together and discuss the benefits of signing a contract to purchase over renewing your lease!","\u003C\u002Fstrong>\u003Cem> \u003C\u002Fem>\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, let's get together and discuss the benefits of signing a contract to purchase over renewing your lease!","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F08\u002FIncreasing-Gap-STM.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","2015-08-31T10:00:21Z","2015-08-29T15:59:25Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},374,"nars-latest-existing-home-sales-report-infographic","NAR'S Latest Existing Home Sales Report [INFOGRAPHIC]","https:\u002F\u002F\u002F","2015-08-28T10:00:45Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},376,"15315-houses-sold-yesterday-did-yours","15,315 Houses Sold Yesterday! Did Yours?","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F08\u002F01162155\u002FHouses-Sold-Yesterday.jpg","2015-09-01T10:00:32Z",{"cover":40,"open":41,"shareSpread":42},"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",[44,48,49,53,57,61,65,66,70,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},6,"For Sellers","sellers",{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":22,"name":23,"slug":24},{"id":67,"name":68,"slug":69},34,"Senior Market","senior-market",{"id":71,"name":72,"slug":73},35,"Mortgage Rates","mortgage-rates",{"id":75,"name":76,"slug":77},38,"Move-Up","move-up",{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]