Ogden Utah is quietly leading the nation in home ownership and homeowner wealth

Apr 18, 2023
7:55:44am

OU Cougar All-American

I’d be interested to know what policies are doing this as I’m watching my own community going hard into rentals.

Why it pays to buy a house: Homeowners became 40 times wealthier than renters in the last decade

In the top 10 areas with the highest homeownership rates for middle-income households, owners gained $110,000 in wealth on average in the last decade.

https://www.usatoday.com/story/money/personalfinance/real-estate/2023/04/18/homeowners-wealth-vs-renting-housing-market/11683922002/

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OU Cougar

Previous username: BYU on the way
Bio page: OU Cougar
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Messages

Author

Time

Ogden Utah is quietly leading the nation in home ownership and homeowner wealth

OU Cougar

4/18/23 7:55am

So happy for our Aggie friends!

DirtyWater

4/18/23 7:56am

Quietly? Are there cities that are loud about home ownership?

Cougz19

4/18/23 8:02am

Well “it’s a wonderful life” seemed to make the point it’s a good thing

OU Cougar

4/18/23 8:05am

The paper gains between 2020 and 2023 will be lost in the next few years

chismoso

4/18/23 8:05am

We're not going back to 2020 prices

machete

4/18/23 8:08am

I agree. They will go back to 2019 prices

chismoso

4/18/23 8:09am

This is why I always figure net worth with and without RE. It should include RE

Nat Gas Man

4/18/23 8:10am

Cyclical changes arent an if situation but a when. Claims that historic highs

chismoso

4/18/23 8:18am

Claims they will drop 40% from where we are are also naive at best

machete

4/18/23 8:21am

Depends on the location. But ya if someone got a 40% increase in 2 years

chismoso

4/18/23 8:27am

They will not lose it all, is my point. That would be going back to 2019

machete

4/18/23 8:45am

In certain markets people will lose all the gains from 2019

chismoso

4/18/23 8:56am

Fun Fact: if prices rise 40%, they only have to drop 29% to revert back.

rad dawg

4/18/23 9:01am

Fun fact:29% is a big number, especially considering prices have already dropped

machete

4/18/23 9:15am

Downtown York, PA is something like 80% rental properties. Building a community

Iman23

4/18/23 8:08am

I know a realtor who bought a couple investment properties in Ogden. She regrets

oohYeah

4/18/23 8:14am

I mean.....either it's a legal triplex or it's not. She should've have

byubyu

4/18/23 8:27am

City ordinances change, rental restrictions in Utah are a pain in the butt

kotacoug

4/18/23 8:31am

These are all true, but very unlikely a tri plex is ever legal unless in a

johnnybyu

4/18/23 8:33am

Good to hear. RE Investors are a plague on communities.

OPINIONS

4/18/23 9:38am

Ogden City over the course of twenty years has slowly been gentrifying the downtown area. One of the ways they've

DJROSS

4/18/23 9:11am

Probably because few people want to buy houses for AirBnB in Ogden. So normal

Why it pays to buy a house: Homeowners became 40 times wealthier than renters in the last decade

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