> homeowners are generally wealthier than renters
on paper; remove the 'value' of the home and the typical home "owner" (mortgage means bank owns your home) is more likely to be paycheck-to-paycheck
on paper; remove the 'value' of the home and the typical home "owner" (mortgage means bank owns your home) is more likely to be paycheck-to-paycheck
looking at the housing market currently, that actual wealth is 40% off what they thought it was, going by starting asking price -> actual cash in pocket after taxes, fees, and points paid to all involved