It's Time to Increase Your Net Worth
The Survey of Consumer Finances is an annual review of family finances conducted by the Federal Reserve. The findings are often telling of the relationship between Americans & the educational, housing, and economic landscape in our country. The most recent survey unveiled some truths related to homeownership. Arguably the most interesting is the fact that roughly 61% of U.S. Families Net Worth is found in home equity. Keeping Current Matters reports that this number is over 35x greater than that of a Renter. Why is there such a difference in the two? Simple. When you own a home your wealth increases as you build up your home equity, & when you rent, well you're paying into your landlord's equity. Now, this is not to say that renting does not serve a purpose, because there are times when it certainly does. BUT we'd encourage you to compare your monthly rent to the monthly mortgages of Dragas Communities. Take King's Pointe for instance: You could be paying less for something of your own. Ready to be a home OWNER?