Home ownership creates more wealth than a second job. Is Los Angeles one of the West Coast cities that have seen the biggest wealth gains?
Recent home price gains in some parts of the country have been on par with salary of a 2nd full-time job, but without the work. In Downtown Los Angeles, that equity gain has averaged $210.80 per day according to a Bloomberg report. In some ways, this equity gain is actually better than getting paid for employment. In addition to not having to work full time for it, home equity applies directly to net wealth as the illiquidity helps prevent the money from getting wasted. Home ownership is starkly better than many renters realize. Los Angeles homeowners usually get wealthier while renters tend to spin their wheels and stagnate. The average homeowner accumulates 44 times the net wealth as the average renter. What a great investment! #dtla #home #prices
Get a free list of new lofts. Fill out the online form:
LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]
SEARCH LOFTS FOR SALE Affordable | Popular | Luxury | Sold
Browse by Building | Neighborhood | Size | Bedrooms | Pets | Parking
Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.