Home ownership has a significant impact on net worth, educational achievement, civic participation, health, and overall quality of life. And, home ownership helps create jobs—lots of them—right here at home.
Owning your own home is not only beneficial to you; it also helps create jobs and stimulate the economy. Image: Veer
Home Ownership matters…to people, to communities, and to America. Why?
- For every two homes sold, one job is created in the U.S.
- Each purchase generates as much as $60,000 in economic activity over time.
The home ownership debate
Some who care about creating jobs also argue that home ownership may be overrated, and that we might be better off as a nation of renters.
If that’s of concern to you, follow the debate about federal government incentives to home ownership—the outcome of which will determine whether the average American can still get an affordable mortgage and whether home owners can continue to deduct their mortgage interest as a benefit of home ownership.
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