There is no doubt that owning a home doesn't always make sense. If job security is a concern, for instance, then renting may be a safer short term bet. However, one look at the median net worth of homeowners paints a pretty bleak picture for those who think renting is a good mid-long term solution.

As of the most recent data from the Federal Reserve Board (jump to page A11 for the net worth table), the median homeowner's net worth is more than 45 times that of a renter. That's a pretty astounding difference.

There are surely many ways to explain the gap in net worth between homeowners and renters, though the numbers in the most recent data rather plainly speak for themselves…

If you have thought about owning a home, then click on over to our "Buyers" page to learn how we can help you achieve the dream of homeownership.

- Prospera Real Estate's Bellevue and Seattle real estate blog, news, trends, and statistics - Rent vs. Buy Seattle?