Comment Comment by itake > Instead of building generational wealth through homeownership, Lowman has been thwarted at every turn by out-of-state investorsCan someone explain to me how home ownership brings generational wealth?I bought a 4br house last year. My monthly costs are $5k. Renting a comparable home is about $3k/mo.The people before me 3x their money over 20 years, but they also did 2 renovations, including adding extra rooms.Where is this generational wealth I’m supposedly building by paying $2k extra per mo than if I rented? parent itake 3 years ago
Can someone explain to me how home ownership brings generational wealth?
I bought a 4br house last year. My monthly costs are $5k. Renting a comparable home is about $3k/mo.
The people before me 3x their money over 20 years, but they also did 2 renovations, including adding extra rooms.
Where is this generational wealth I’m supposedly building by paying $2k extra per mo than if I rented?