03/20/2024
"The wealth held by homeowners is 40 times that of a renter," Lautz said. "Housing wealth can be used to help children attend college, pay for remodeling costs on the home, in retirement or even help their own children achieve the dream of homeownership. Homeownership also comes with a number of social benefits, such as educational achievement, civic participation, health benefits, property maintenance and improvement.”
Quoted from:
Dr Jessica Lautz, Deputy Chief Economist for National Association of Realtors at Congressional conference on 3/20/2024