Homeownership is the easiest way to build long-term wealth.
- When you are paying a mortgage, each month you are paying towards long-term wealth.
- When you pay rent, you pay your landlord. This money could be paying down a mortgage to create equity in a home over the long term.
- It is very difficult to earn as much money and save it over time, as it is to purchase a house and let the value go up over time.