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7 Reasons Why You Should Invest in Real Estate

The Wealth Gap

A study by the Selig Center for Economic Growth found that the average lifespan of a dollar (i.e. the number of times money circulates) equates to:

Jan 25, 2021

In 2016, the typical White family had eight times the wealth of the typical Black family and five times the wealth of the typical Hispanic family.

In a 2019 survey, White families had the highest level of both median and mean family wealth, at $188,200 and $983,400, respectively. Black families' median and mean wealth is less than 15 percent that of White families, at $24,100 and $142,500, respectively. Hispanic families' median and mean wealth is $36,100 and $165,500, respectively.

Fun Facts About Real Estate

“90% of all millionaires become so through owning real estate.” - Andrew Carnegie

This famous quote from Andrew Carnegie, one of the wealthiest entrepreneurs of all time, is just as relevant today as it was more than a century ago.

Wealth Disparities by Race (2022)

Black Families

The wealth gap between Black and white families has deep historical roots, with discriminatory practices like redlining that restricted opportunities for Black families to accumulate wealth. These systemic barriers, combined with the generational transfer of wealth, make it difficult for Black families to close this gap.

Hispanic Families

Information gathered from article from the Federal Reserve Bank of St. Louis