There is a big difference between homeowners and renters, and the difference can mean tens of thousands of dollars over a lifetime. According to the Joint Center for Housing Studies of Harvard University report entitled, “America’s Rental Housing,” the differences might be even greater than you realize. Take a look at these statistics:
- The median income across all age groups for renters is about half of that of homeowners.
- 87% of households in the top income quartile are homeowners.
- During the recessions in both the 1990’s and in the late 2000’s, median income for renters was affected at a rate of 3 times more than those of homeowners.
- Near the peak of the housing bubble in 2007, the median wealth of homeowners was 46 times that of renters.
Even if homeowner wealth fell back to 1995 levels, median income would still be
27.5 times greater than that of renters.
Put all of these numbers together and they paint a clear picture: Homeowners build more personal wealth over their lifetimes and are better equipped to deal with the highs and lows of the national economy. Now, imagine how much these numbers multiply for people who own multiple properties and can benefit from the cash flow an investment
For those who are willing to invest in real estate, there is incredible opportunity to not only create personal wealth, but to accelerate it by taking advantage of the unique nature of real estate investment. With most investments, you simply hope that what you invest in grows in value over time. Real Estate investment does work that way, but the big difference is the benefit that those other investments don’t offer: cash flow. That is because, with real estate, you can make the properties you own provide monthly income that grows your wealth in a much faster way.
There are incredible opportunities in our local market for all kinds of investors. Whether you are a seasoned veteran with a portfolio of properties or a First-Time investor interested in attaining your first investment property, I have identified specific properties that can help you accomplish your goals.
Contact me today, and unlock a world of real estate wealth!