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Why House Equity Isnt Worth Buying a House

By Oxygen   Follow   Fri, 4 Jan 2013, 5:18pm   110 views   0 comments
In Brooklyn NY 11220   Watch (1)   Share   Quote   Permalink   Like (1)   Dislike

For generations, home equity has been the holy grail of wealth accumulation for families. In 2007, the median family held nearly $100,000 in home equity, according to the Fed’s Survey of Consumer Finances. Home equity was responsible for nearly three quarters of family wealth. However, that’s all in the past.

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