I just saw a chart (trying to find it) that shows dog bites from Pit Bulls last year (or the year before) being 4X the nearest dog -- 400 to 100.
It is the breed -- it can be overcome, but bot through just love and patience. Bit Bull owners need professional dog trainers to keep them under control.
And, like it or not, getting a Pit Bull means you will lose in any and all dog bite cases, even if you are in the "right."
Why take the chance with your family and your wealth?
Exactly.

My daughter had a pit, one that had been abused. She basically rescued him from his first owner when he was about 4 months old. She worked a lot with him, had a couple friends (but no professionals) helping her. We thought it was going to work, especially after we had him neutered.
It didn't.
There were 2 different incidents where he snapped at my youngest, so we were very careful to always have a "boss" around when he was out, and
never let him out with any grandkids. But eventually he got in with our old, male Scottie and did his best to turn the old guy into hamburger.
We ended up having him put down. It was terrible for everyone.
Don't get one. Most especially, unless you are a pro, don't rescue one. They'll break your heart.