Homeownership is a Dominant Gene

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There are many things in the decision to buy a house that is the factors. New research from the urban institute shows that one of those things can be inherited from your parents. According to the analysis of millennium landlords, whose parents rent their homes, their house-owner rate is 14.4%, whereas the rate between millennia whose parents are homeowners is 31.7%!.
It has also been found in the study that as the net worth of the parent's increases, it is likely that their child will have a home. These two conclusions are not surprising because we know from a survey of consumer finance that the net worth of a landlord is 44x more than a tenant. read continue

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