Economic Scorecard analysis: Many doubt value of homeownership
By Kay Nolan, April 5, 2014
Kay Nolan is a contributing writer for WisBusiness.com. This article ran in the April 5, 2014 issue.
The latest Wisconsin Economic Scorecard survey illustrates a trend that has some financial advisers at odds with real estate professionals on this key
question: is home ownership a good investment?
The latest Scorecard quarterly results released last month included a question about homeownership and whether respondents believed it to be a good
investment. Among respondents who own homes, nearly 87 percent said yes.
But only 66 percent of renters thought homeownership would be a good investment, and nearly a third (28 percent) of renters said it’s not a good investment.