Jun 20, 2011
Home ownership was cited as “best long-term investment” by 81% of those who own their homes outright, 76% of people with home loans, 67% of renters, and 65% who owe more than they could sell their home for today.
When survey respondents were asked if they’d recommend buying a home to a friend or family member just starting out, 80% said “yes.” Even home owners currently underwater - those who owe more on their home than it is currently worth - 78% said they would recommend home ownership to family or friends starting out. Of those surveyed who do not own a home, 73% said their goal is eventually to buy one. [where: 75230]