Why no one should buy a home? Investing in real estate has been a pivotal factor in the journey to self-made millionaire status for many. The significance of real estate in financial success cannot be understated. However, a valuable lesson emerged for our subject in 2003. At that time, a newlywed with a newborn, they purchased their dream home in Los Angeles. Anticipation filled the air, but as time unfolded, the expected returns on both money and time investments failed to materialize. Consequently, a decision was made to sell the residence and redirect the equity into the acquisition of multiple rental properties, transitioning the family back into the realm of renters.
Support for homeownership remains unwavering, underscored by the ownership of three homes in the present day. Of these, two are designated for rental purposes, while the third serves as the primary residence….
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