New Ways Homeownership Builds Wealth
Money Girl
Macmillan Holdings, LLC
4.6 • 1.8K Ratings
🗓️ 15 April 2026
⏱️ 15 minutes
🧾️ Download transcript
Summary
1011. While becoming a homeowner seems to get more difficult as home prices, mortgage interest rates, and home insurance premiums continue to rise, it’s essential to know how owning real estate can help you build wealth. Laura covers seven ways buying a home improves your finances. Whether you’re considering becoming a first-time homebuyer or ditching your home to be a renter, understanding some old and new ways that homeownership helps build wealth is essential.
Key Takeaways:
- How much richer homeowners are compared to renters.
- The two ways homeownership helps you build equity: price appreciation and paying off an amortizing mortgage.
- Whether homeownership costs more or less than renting largely depends on your location.
- Some costs of homeownership can increase, but buying a home largely protects you from inflation.
- Various home-related tax deductions, including a new one, make homeownership more affordable if you itemize on your tax return.
- The capital gains tax exclusion is one of the largest tax breaks that qualifying homeowners enjoy when they sell their home.
Upcoming Wedding Series This May: We want your questions about wedding finances! Whether you're the bride, groom, or a guest, send us your questions about budgeting for the big day. Email: money@quickanddirtytips.com or leave a voicemail: (302) 364-0308.
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Transcript
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| 0:00.0 | While becoming a homeowner seems to get more difficult as home prices, mortgage interest rates, |
| 0:11.5 | and home insurance premiums continue to rise, it's essential to know how owning real estate |
| 0:17.0 | can help you build wealth despite its costs. This podcast will review seven of the most |
| 0:22.3 | valuable ways buying a home improves your finances, whether you're considering becoming a first-time |
| 0:28.8 | home buyer or ditching a home to be a renter, understanding some old and new ways that |
| 0:36.3 | homeownership helps cut costs and build wealth is |
| 0:39.5 | essential. Welcome back, everyone. This is episode 111 of Money Girl. I really appreciate you |
| 0:46.1 | downloading the show and spending a little time with me. I'm Laura Adams, an award-winning author, |
| 0:52.2 | spokesperson, money speaker, and founder of The Money Stack. That's my |
| 0:56.6 | sub-stack newsletter. Free subscribers automatically get my money success toolkit, which includes the |
| 1:02.9 | exact templates I use to manage my finances. You can learn more and sign up for the money stack for |
| 1:09.2 | free at laura d.adams.com. You can also leave me a voicemail |
| 1:14.1 | with a money question or comment by calling 302-364-0308. I'd love to feature your question on |
| 1:23.1 | Finance Friday. That's our weekly Q&A bonus edition of the show. And by the way, we have an upcoming |
| 1:29.1 | series in May devoted to weddings. How have wedding expenses impacted you? Maybe you have a question |
| 1:36.5 | about getting married, being a wedding guest, paying for a wedding, or being a bridesmaid or groomsmen, |
| 1:42.7 | record a voicemail, or send your email using my |
| 1:45.6 | contact page at laura d adams.com. You can find both of those in the show notes. Send them in soon |
| 1:52.3 | so your question can be included in our series. All right, let's talk about how owning a home builds |
| 1:59.5 | wealth. You know, owning real estate is never a guarantee |
| 2:03.1 | that you will grow richer by owning it. However, there's a massive gap in net worth between |
| 2:10.5 | those who own a home and those who rent. According to data from the Federal Reserve, |
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