Do Americans believe a home is a better investment than stocks?
In a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York notes that 93.3% of Americans believe buying a home is definitely or probably a better investment than buying stocks.
The survey also shows a wide range of reasons why Americans feel that way (respondents were able to pick more than one answer):
REASONS WHY HOME IS BETTER THAN STOCKS
Housing Prices are less volatile 55.7%
Desired living environment provides stability 53.9%
Tax Reasons 47.5%
The data show how strongly Americans believe in homeownership as an investment. That belief is warranted. The Liberty Street Economics blog put it best by saying:
“Housing represents the largest asset owned by most households and is a major means of wealth accumulation, particularly for the middle class.”
Mark Segreto 941-444-2270