The info below doesn't say that every renter's kid is not going to do well in school, have a drug problem, and commit a crime. This shows that the stability of owning a home and everything that it brings, helps give kids an advantage.
If you own a house in a neighborhood, you just care more about that house than if you're going to be transient and rent, then rent the next neighborhood or the next city in two years from now. You get more involved because you are putting roots down there.
If a young couple bought a house at the beginning of this year, at $250,000-which is about the median price in the country, and we looked at where they would be from an equity standpoint or from an appreciation standpoint from now until January 2021, you can see the potential wealth you have built over five years. It's over $46,000. How much of that would you have if you are in a rental over those five years?
© 2017 IRES Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. @copy; Copyright IRES. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes from IRES and the Broker Reciprocity Program.sm. Real estate listings held by brokerage firms other than MB/West Realty are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information last updated on 2017-05-25 07:03:24.
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