It would not be a surprise to most people that the net worth of homeowners would be larger than that of renters. The latest survey data, however, is surprising as to the extent of the deviation. Homeowners not only have a greater different between their assets and liabilities. They have a dramatic multiple in the category.

This latest Federal Reserve Survey of Consumer Finances shows forty times the net worth among home owners in comparison to renters. Now is an excellent time to buy as prices to own homes are lower than the cost to rent in several areas.