The Impact of Rising Home Prices on Children’s Future Incomes
For a majority of households, their residential property is the major source of wealth. The latest 2013 Survey of Consumer Finances reported a median family net worth of $195,400 among homeowners compared to the median family net worth of renters of $5,400. How does housing-related wealth affect homeowners and society? Research has shown the many economic and social benefits of homeownership and stable housing on the educational achievement of children, neighborhood stability, and health, among others. In this talk, Dr. Daniel Cooper discusses how rising home values impact on the long-term economic trajectory of the homeowner’s children.