Home ownership is still a pillar of the American Dream, but not everyone agrees it is the best way to build wealth.
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00:00There's been ongoing debate about renting versus buying, so from your perspective, which
00:04makes more financial sense?
00:06Always buying.
00:07Why do you want to pay somebody else for where you're living?
00:08You have to live somewhere, you might as well pay for it and own it yourself.
00:11But rental prices are flat.
00:13It's cheaper to rent an apartment or rent a home today than it is to buy one, so many
00:18people lured into that false security in a way of having a cheaper price.
00:22The best investment was my first studio apartment.
00:25I could barely afford it, I could barely scrape the money together, but if I hadn't bought
00:29that studio apartment, I would have never gotten in the market.
00:31I knew it wasn't my forever home, and I used that to parlay into a one bedroom, two bedroom,
00:35three bedroom, right now I live in a gorgeous penthouse.
00:38I don't think it would have been possible if I hadn't jumped in the market when I was
00:40very young.