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Building Wealth: First Rung on the Ladder is Housing

 

Building Wealth: First Rung on the Ladder is Housing

   First Time Home BuyersFor BuyersMove-Up Buyers

How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is “an online resource for the most rigorous research and practical information on how a quality, stable, affordable home in a vibrant community contributes to individual and community success”.

A recent story they published, The First Rung on the Ladder to Economic Opportunity Is Housing, discussed the importance of having affordable housing available to as many families as possible because:

“The ladder to economic success can stretch only so high without the asset-building power of homeownership.

Home equity provides Americans with the ability to send their children to college with less student loan debt and is the primary source of funds for retirement. Half of the assets of Americans over age 55 are in their home.”

Bottom Line

I have often posted that the net worth of a family owning a home is 45 times greater than that of a family that rents. That is not a coincidence.

 

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LUVA Real Estate Sales, Homes, Condos, and Land for all of West Hawaii. KonaHomeTeam has the pleasure of adding Kimi Nagatoshi (RS) as our Equestrian and Ranching Expert. 

2018: REALTOR with LUVA Real Estate, President West Hawaii Association of Realtors, Exec DIrector with Hawaii Association of Realtors 


2017: REALTOR with LUVA Real Estate , President Elect for West Hawaii Association of Realtors 

2016: REALTOR with LUVA Real Estate , Director with West Hawaii Association of Realtors 

2015: REALTOR at LUVA Real Estate, Trainer at LUVA Real Estate, West Hawaii Association of Realtors (Director), MLS Task Force Lead, Hawaii Information Service "User Group" Member

2014: REALTOR at LUVA Real Estate, West Hawaii Association of Realtors (Director), MLS Task Force Lead, Stategic Planning Committee Member

2004-2013: REALTOR at Aloha Kona, Member of West Hawaii Association of REALTORS, and Kona Board of REALTORS 

 

 

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LUVA Real Estate Sales, Homes, Condos, and Land for all of West Hawaii. KonaHomeTeam has the pleasure of adding Kimi Nagatoshi (RS) as our Equestrian and Ranching Expert. 

2018: REALTOR with LUVA Real Estate, President West Hawaii Association of Realtors, Exec DIrector with Hawaii Association of Realtors 


2017: REALTOR with LUVA Real Estate , President Elect for West Hawaii Association of Realtors 

2016: REALTOR with LUVA Real Estate , Director with West Hawaii Association of Realtors 

2015: REALTOR at LUVA Real Estate, Trainer at LUVA Real Estate, West Hawaii Association of Realtors (Director), MLS Task Force Lead, Hawaii Information Service "User Group" Member

2014: REALTOR at LUVA Real Estate, West Hawaii Association of Realtors (Director), MLS Task Force Lead, Stategic Planning Committee Member

2004-2013: REALTOR at Aloha Kona, Member of West Hawaii Association of REALTORS, and Kona Board of REALTORS 

 

 

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