Condominium Talk

June is National Homeownership Month and there's no better time to illustrate what owning a  condo or house can mean to your bottom line.

The figures in the headline of this blog posting are the average net worth of a typical homeowner and a typical renter, respectively, as reported by the Federal Reserve Board's Survey of Consumer Finances.

And while it has long been acknowledged that owning a place of your own is a great way to build wealth in the long term, many people may be wondering about buying a condo or house in the current real estate market.

"All people think about is how fast prices can go up," author Gary Smith recently told the Chicago Tribune. The more central question is "How much money can I save on rent?"

Smith co-wrote a new book, Houseonomics: Why Owning a Home is Still a Great Investment.

Click here to read more of what Mr. Smith has to say in an article titled "Even Now, Buying Home a Smart Move" in the Chicago Tribune.

Be sure to contact OwnACondo.com at 866-696-2266 if you'd like even more information about why now is a great time to buy a place of your own.