Is buying a home still a good long term investment for me and my family?

Buying a home allows you to build equity, both by paying down the mortgage and by the increase of the home’s value.

But is it a good investment, versus renting?

Let’s find out!

An American Family’s Net Worth

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Potential Growth in Family Wealth

If a family buys a $250,000 home at the beginning of 2017, the potential increase in Family Wealth due to Home Appreciation only is $36,564 by the end of 2021 (five years later).

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Conclusion

Buying a home is a great investment.

Paying down a mortgage is a form of "forced savings", building equity just by paying for your accommodation costs.

Also, the home itself appreciates in value over time, increasing equity based on the full value of the home, not just the part that you've already paid for.