Kiplinger

Why Homeowners Are Richer Than Renters

Eli Beracha is an associate professor at Florida Inter­national University. He is coauthor of "A Revision of the American Dream of Home Ownership" published in the Journal of Housing Research.

Why do homeowners accumulate more wealth, but together they are better than doing nothing. Most renters spend the difference between renting and owning a home on other things. So, for the average American, it's better to own, even with the changes to the tax law (see ).

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