We’re all inundated with the news about why now is the right time to buy a home and why it’s better than renting. But aside from the savings on your monthly income (especially if you’re renting), owning your own home is an investment that creates family wealth. By purchasing a home, you are creating value and wealth for you and your family. It is one of the most important decisions you can make, and by today’s standards, it plays a pivotal role in income distribution.
In a recently released study from Matthew Rognlie of MIT Department of Economics, Deciphering the Fall and Rise in the Net Capital Share, Rognlie discusses the importance of homeownership and how it develops family wealth.
Read the full article on Keeping Current Matters.