I have posted the entire article on my web site. You can find it here.
In the past 15 years, the net worth of the typical home owner has ranged between 31 and 46 times that of the net worth of the typical renter, according to the Federal Reserve's Survey of Consumer Finances, which is based on 2013 data.
home owners had nearly $200,000 in net worth compared to the average
$5,000 net worth of renters, according to the survey.
Look here for a very informative comparison chart of renter vs homeowner net worth.
to a new affordability report by McAlister Investment Real Estate,
the median price of a home in Houston has risen to $204,000. That's a
10 percent increase from the first quarter of this year.”
Look here to see a slideshow of some Houston area homes that could be had for the city's median price.