The Impact of Housing Choice on Future Household Wealth
DOI:
https://doi.org/10.61190/fsr.v12i2.4761Abstract
Is owning a home the correct housing choice for the average household, and, if so, how can we know‘! In North America, about two-thirds of households own their homes, and this figure is increasing after a period of decline. This paper provides a financial model that can be used to comprehensively analyze the impact the rent/buy decision has on wealth. The results of two case studies suggest that the financial impact of homeownership may not be as positive as peceived by the average North American household. The model can be easily adapted by users to reflect different assumptions.
Downloads
Published
Issue
Section
License
Copyright (c) 2003 Academy of Financial Services
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Author(s) retain copyright and grant the Journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial 4.0 International License that allows to share the work with an acknowledgment of the work's authorship and initial publication in this Journal.
This license allows the author to remix, tweak, and build upon the original work non-commercially. The new work(s) must be non-commercial and acknowledge the original work.
