Not owning equity to pass on to your kids is one of the worst mistakes you can make.
“Oops, I guess I made the ‘mistake’ of not making enough money to afford the outrageous price of real estate. I guess my children deserve to be poor.”
Or maybe we should treat housing as an public resource rather than an investment, and encourage the market to keep prices low for the sake of maintaining a healthy society.
Leaving out the last sentence in your quoting does a disservice to what they were pointing out.
They weren’t saying anyone deserves to be poor. They weren’t saying that real estate being an investment is ideal or how it should be.
The housing market is historically, currently, and prospectively an investment, and one of the only high-return, low-risk investments available to the middle class. If you can play that game and don’t, then you are making a mistake, especially if you have kids.
“Oops, I guess I made the ‘mistake’ of not making enough money to afford the outrageous price of real estate. I guess my children deserve to be poor.”
Or maybe we should treat housing as an public resource rather than an investment, and encourage the market to keep prices low for the sake of maintaining a healthy society.
Leaving out the last sentence in your quoting does a disservice to what they were pointing out.
They weren’t saying anyone deserves to be poor. They weren’t saying that real estate being an investment is ideal or how it should be.
The housing market is historically, currently, and prospectively an investment, and one of the only high-return, low-risk investments available to the middle class. If you can play that game and don’t, then you are making a mistake, especially if you have kids.