This episode is sponsored by Smart Vester.

You're listening to Ramsey everyday millionaires.

We talk investing, retirement, building wealth, and outrageous generosity.

Well Rachel, the housing market has been a huge topic of discussion and millennials and

Gen Z are feeling real defeated right now.

If you're a renter out there and you're going, I want to own a home one day and we got

this article that was interesting because we've talked about home ownership as a part of

your wealth building strategy and USA Today published this headline, Why It Paced to Buy

A House?

Home owners become 40 times wealthier than renters in the past decade.

And so it goes on to say low income homeowners, those earning no greater than 80% of the median

income, built 98, 900 in wealth.

While the middle income and upper income, they accumulated 122 to 150 grand in wealth.

So that's a pretty shocking number.

That's a big gap between those low income to high income homeowners.

And it says over a long period of time, home ownership is a solid path towards building

wealth and it works in two ways.

First you have the advantage of home price appreciation.

Second it forces homeowners to save for monthly mortgage payments, which renters don't

have.

And I have a lot of this is great for those that are homeowners.

They're like, yes, this is awesome.

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