06/22/2021
😡 WRONG 😡
Americans should own their homes, not corporations.
Across the country, hedge funds are buying up homes and driving first time homebuyers out of the market by making over-asking, all cash offers. Then, the hedge funds are renting those homes out to people who cannot afford to buy them.
Homeownership is the foundation to building inter-generational wealth. A “nation of renters” pulls the greatest wealth building tool out of the hands of the people.
I write this fully understanding that homeownership isn’t for everyone, and for those who it is, renting can be an important tool to build up a down payment or live somewhere short term. But, long term, most people are better off being a homeowner.
Want to chat about homeownership and wealth building? Send me a DM!
The very features that made houses an affordable and stable investment are coming to an end.