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Why House Equity Isnt Worth Buying a House

By Oxygen   2013 Jan 4, 9:18am   ↑ like (1)   ↓ dislike   460 views   0 comments   watch (1)   share   quote  

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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