The Thanksgiving Reader


Looking for something to share around your Thanksgiving table? Please join Seth Godin and friends and participate in The Thanksgiving Reader.

The Thanksgiving Reader was created by Seth Godin. Art Direction: Alex Miles Younger. Special thanks to Casper ter Kuile, Chelsea Shukov, Gretchen Rubin, Susan Piver, Dan Pink, Pamela Slim, Anne Marie Miller, Niki Papadopoulos, Arianna Huffington, Kevin Kelly, Anne Kreamer, Brian Koppelman, Liz Danzico, Debbie Millman, Emily McGuire, Willie Jackson, Winnie J. Kao and you & your family.

Images: and the U.S. Department of Agriculture Pomological Watercolor Collection. Rare and Special Collections, National Agricultural Library, Beltsville, MD 20705

Equity Matters A LOT… Just Ask Freddie Mac


There are many reasons, both financial and non-financial, that homeownership remains an important part of the American Dream. One of the biggest reasons is the fact that it helps build family wealth. Recently, Freddie Mac wrote about the power of home equity. They explained:

“In the simplest terms, equity is the difference between how much your home is worth and how much you owe on your mortgage. You build equity by paying down your mortgage over time and through your home’s appreciation. In a nutshell, your money is working for you and contributing toward your financial future.”

They went on to show an example where a person bought a home for $150,000 with a down payment of 10% ($15K), resulting in a loan amount of $135,000. The buyer secured a 30-year fixed-rate mortgage at 4.5% with a monthly mortgage payment of $684.03 (not including taxes and insurance). The chart below demonstrates the home equity built after 7 years of making mortgage payments and assuming the historic national average of 3% per year home appreciation:Home-Equity.jpg

And that number continues to build as you continue to own the home.


Merrill Lynch published the report above that shows equity attained by age.

Bottom Line

Home equity is important to building wealth as a family. Referring to the first scenario above, Freddie Mac explained:

“Now, if you continued to rent, and made the same payment of $684.03 per month, you’d have zero equity and no means to build it. Building equity is a critical part of homeownership and can help you create financial stability.”

Put your housing cost to work for you and your family. Call me or let’s meet to explore your options.