In today’s world, most of us tend to look at our homes as our main investment, or the source of our retirement income, which is a far cry from how people viewed home-ownership just a few short decades ago.

In fact, I’ve heard estimates that 70% of Americans’ net worth is derived from their homes’ equity, but is that really the only reason to own a home?

I recently read a very interesting article in the Wall Street Journal, which outlined one homeowner’s recount of his homes and it struck a chord with me.  By his account, he derived far more than simple equity from owning his own home, and he hit on some points that I think many of us overlook in our quest for ‘wealth.

While you're here, don't miss these posts:

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2. Edmond Home Buyers – Better to Rent or Buy? Yep, it’s pretty much an age-old question that’s asked all the time.  Why should I buy a home instead of renting? After several years in...
3. Building a New Home? Preparation is Key! New home construction is something I’ve been around for a while and I’ve had the pleasure of helping lots of people build their new homes...