I would argue that the best and fastest way to build wealth is not homeownership, but it’s really saving and investing in a consistent manner. Maximizing your retirement account and your investment accounts. That’s the fastest way to building wealth.
“Buying a home is an investment.” “Renting is just throwing your money away.” “The property value could double in the next decades.” All of these are go-to phrases for realtors.The property value could also drop to half. Buying a house, or an apartment, is not a guaranteed good move. In some cases, it’s a very bad one. How do you tell the difference?Kathleen Boyd, MS, CFP, is here to answer your questions and put common misconceptions straight. Kathleen earned her Bachelor in Economics and Masters in Finance from the University of Utah, as well as a Certified Financial Planner designation. Homeownership is a decision that should be influenced by personal values as well as plans for the future and the housing market.——————————————————————————————-Music Featured in this Episode:Ownership by Will-Ro & Maniphest DestiNEUMMA BUY A HOUSE by TC DA DONProof of Ownership by SoulJazzEpisode Highlights:Pam: The common...