> Buying a house is a very expensive and slow way to build wealth.
Buying a second house may be questionable, but the first house has so many tax and leverage advantages as well as "hedging" against the volatile rental market. Especially when Americans can get 30 year fixed mortgages!
> but they can give their children a better life. it's certainly not easy, but it's possible. The working class, however (not the most poor), routinely chooses to put their money into flat screen tvs
What if they want to give themselves a better life, rather than just their children?
> flat screen tvs
All TVs are flatscreen now. This is a "tell" that somebody is mentally copy-pasting a rant from the early 2000s.
Buying a second house may be questionable, but the first house has so many tax and leverage advantages as well as "hedging" against the volatile rental market. Especially when Americans can get 30 year fixed mortgages!
> but they can give their children a better life. it's certainly not easy, but it's possible. The working class, however (not the most poor), routinely chooses to put their money into flat screen tvs
What if they want to give themselves a better life, rather than just their children?
> flat screen tvs
All TVs are flatscreen now. This is a "tell" that somebody is mentally copy-pasting a rant from the early 2000s.