Real estate is not the only pathway to wealth
“I would rather people rent for ever and ever and ever, be able to save for retirement and to live their lives than to see them put all their money into a house, be house poor, have no other retirement savings and be crossing their fingers that their house is going to go up in value enough that they’ll be okay in the long term,” says Schieck.
She says that while it was a great strategy in the past, if it’s going to take every dime from you, then it’s probably not a great financial decision.
