Do you know people whose wealth is in the home they live in? What would their lives look like today if they had rented all those years?
Everyone wants and needs to build their net worth in their lifetime, because at some point they won’t be working anymore. For the average person, their biggest asset is their home. So if you don’t buy a home, what’s going to be your nest egg when you retire? You can put $1,000 into your retirement fund or you can put $1,000 into your home, and if you put it in your investment fund, where and what are you going to live on? That’s the beauty of the asset building aspect of home ownership- you get to use and enjoy your largest investment.