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Why House Equity Isnt Worth Buying a House


By Oxygen   Follow   Fri, 4 Jan 2013, 9:18am PST   223 views   0 comments   Watch (1)   Share   Quote   Permalink   Like (1)   Dislike  

http://money.usnews.com/money/blogs/my-money/2012/10/02/why-home-equity-isnt-worth-buying-a-home

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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