Home ownership pays off, according to Fed’s survey

The Federal Reserve’s Survey of Consumer Finances backs the adage that home ownership is a good investment. Homeowners, on average, are up to 46 times wealthier than renters, the study says. A typical homeowner’s net worth is nearly $200,000 — between 31 and 46 times greater than the $5,000 net worth of the average renter. Much of a homeowner’s net worth comes from home equity.

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