Lately I’ve been hearing more people say the American Dream is dead. Or the American dream of owning a home isn’t possible for everyone.
The American dream is about a lot of things like raising a family in a nice neighborhood, owning a business, advancing to the top of your field, etc. We all have our own ideas about the American Dream.
But when it comes to building wealth, you can’t beat home ownership and building equity. It is almost impossible to get ahead by saving alone.
Saying “no” to home ownership is big mistake.
One statistic that I often site is that the net worth of homeowners across the US is around $240,000 BUT the net worth of renters is $5200. (National Association of Realtor statistic)
Why? Because when you pay your mortgage you are paying off your loan. When you pay rent, you are paying someone else’s loan. In other words ZERO is going back into your pockets (not to mention the tax benefits lost and the equity growth).
Here’s a great article that explains more about why Real Estate is the best way to build wealth (posted earlier on my blog)
Crissi Avila will teach you how to buy smart. We’ll look at location, development, and turnover so you can spot opportunities long before most even start considering them.