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Source: http://aresjournals.org/toc/jhor/26/1?code=ares-site http://aresjournals.org/toc/jhor/26/1?code=ares-site A more citation ready article is here http://
by hactually 9y ago
Source: http://aresjournals.org/toc/jhor/26/1?code=ares-site http://aresjournals.org/toc/jhor/26/1?code=ares-site
A more citation ready article is here http://www.fau.edu/newsdesk/articles/homeowners-cant-count-on-property-appreciation-for-wealth.php http://www.fau.edu/newsdesk/articles/homeowners-cant-count-o... but overall owning and living in your own home isn't a vehicle for wealth.
- phnofive 9y agoThanks for providing the source; this comment clarifies the headline: > “When you assume that those monies are reinvested at a rate of return, renting, on average, wins in terms of wealth creation,” Johnson said. “Of course, many renters will not reinvest those monies and will instead use them for consumer goods, which is the least desirable option in terms of building wealth.” Mythical, prudently invested renters may beat RE appreciation. You can’t sleep in a vanguard account, but I suppose you can’t buy bread with equity either.