Owning a home doesn’t just help you build wealth. It also impacts your life and your children’s lives. Here are some of the specific benefits homeowners may enjoy over renters:
- Homeowners are healthier and live longer
- Owning a home reduces the likelihood of divorce
- Homeowners are less likely to suffer from depression
- City homeowners are less likely to be victims of crime
- Children of homeowners often achieve a higher level of education
- Children of homeowners are likely to earn more over their lifetimes
- Children of homeowners have significantly lower teen dropout and pregnancy rates
- Homeowners are more likely to be involved in neighborhood groups
- Homeowners have a better understanding of politics and are more likely to vote
