Rethinking Homeownership and Wealth Building

The misconception lies in viewing homeownership as the primary path to wealth when, in reality, the distribution of financial assets shows a different picture. While historically homeownership could lead to wealth, the focus needs to shift. Most people struggle to build wealth as they tend to spend all their available cash. Housing, on the other hand, can serve as a forced saving mechanism, as it compels individuals to invest in it to avoid eviction, thus helping them build equity over time.