People Are Making More Money Selling Their Homes Than at Their Jobs
For the first time ever, homeowners who make the median income, about $50,000 before taxes, made more money in house appreciation than they did at their jobs. The median price of a home in America in 2021 was $321,634, which represents an increase of $52,667 from a year ago, according to Zillow.
Some people read that statement and decide now must be the time to sell their house and cash in, so to speak, while others come to the opposite conclusion -- namely that owning property is one of the best ways to gain wealth in America. Let's further unpack this.
Image source: Getty Images.
Source Fool.com
