Sentences with phrase «wealth than homeowners»
In four of them, renters who invested wisely could accumulate 24 % more wealth than homeowners, and match it in three others.
http://www.canadianbusiness.com/ Not exact matches
As a result, these homeowners have been able to build wealth at a faster pace than owners of more expensive homes.»
In the U.S., he said, housing will «always remain as a primary playbook for stimulating the U.S. economy» and «homeowners will continue to believe that increased home equity is a faster highway to creating wealth than accumulating wealth by working for a living.»
In addition, if this is not about the fixed million but about reaching a level of wealth that allows you to retire: people who have practised moderate spending habits as adults for decades are typically also much better able to get along with less in retirement than others who did went with a high consumption lifestyle instead (e.g. the homeowners again).
According to the new Manulife Bank Canada survey, more than a quarter of homeowners predict their home equity will comprise 80 % or more of their household wealth at the time they retire — and almost a quarter of those surveyed were already in their fifties.
«Though there will always be discussion about whether to buy or rent, or whether the stock market offers a bigger return than real estate, the reality is that homeowners steadily build wealth.
«Given that the composition of new homeowners is skewed to Hispanics and nonwhites, who have lower credit scores and have less income and less wealth than their non-Hispanic white counterparts, the tight credit box will inhibit homeownership even more going forward than it has in the past, unless we do something to correct it,» writes Goodman.
Because renters typically have much lower net worth than homeowners, a metro area's low homeownership rate is associated with greater wealth inequality.
In 2010, the wealth of an average homeowner was more than $ 174,000.
According to the Federal Reserve, homeowners accumulate 35 times more personal wealth than do renters.