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It's Time to Increase Your Net Worth

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  • 02.12.2015

It's Time to Increase Your Net Worth

Author: Dragas Team


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?

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