This is an interesting perspective - I am clearly a firm believer of building wealth though real estate but it has to be done with thought and not over extending the buyer. Equity is going up as well however if you are putting only a small amount down you are at the mercy of the market if there are huge fluctuations.
The U.S. homeownership rate has just fallen to its lowest level since the Census Bureau began tracking it in 1965.
We should de-emphasize house buying and explore alternatives that do not require people to bet on a single illiquid asset class — or make it harder to relocate in pursuit of opportunities, which is another drawback of home buying.
No comments:
Post a Comment