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homeowner and renter net worth

The Net Worth Difference Between Homeowners and Renters

When it comes to building long-term wealth, the homeowner and renter net worth gap is staggering. According to the Federal Reserve, the average homeowner has a net worth of about $396,500, while the average renter’s net worth is just $10,400. Why is the difference so massive? Every mortgage payment a homeowner makes builds equity—essentially, their

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How Much Home Equity Have You Gained? The Answer Might Surprise You

How Much Home Equity Have You Gained? The Answer Might Surprise You

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner? As home values rise, so does your net worth. And, if you’ve been in your house for a few years (or longer), there’s a good chance you’re sitting on a pile of equity — maybe even more

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