> Is the “dream” of homeownership really just a massive, intergenerational wealth transfer?
Yes & it has been this way since the inception of government backed loans.
I've recently been digging into the history of housing discrimination in the US and how it relates to the racial wealth gap between blacks and whites. In my opinion there is a clear line from redlining, blockbusting, white flight & loan discrimination to the massive wealth gap among races we see today. It's quite clear to me that one of the best ways to build generational wealth is by the older generation passing off homes to the younger ones.
Yes & it has been this way since the inception of government backed loans.
I've recently been digging into the history of housing discrimination in the US and how it relates to the racial wealth gap between blacks and whites. In my opinion there is a clear line from redlining, blockbusting, white flight & loan discrimination to the massive wealth gap among races we see today. It's quite clear to me that one of the best ways to build generational wealth is by the older generation passing off homes to the younger ones.