New Ways Homeownership Builds Wealth
About this episode
This episode discusses how homeownership can build wealth through various financial benefits.
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…
More episodes of Money Girl
- 5 Smart Money Management Tips for a Shaky Economy: Mastering Mindful Spending in 2026
- Creating Financial Independence with Farnoosh Torabi
- How Can I Stop Overpaying for Home Insurance?
- Lease or Buy?–How to Choose an Affordable Car (and Fix an Upside-Down Loan)
- How to Skip a Budget and Build More Wealth
- Should You Use a 401(k) Loan to Buy a House? Pros, Cons, and Rules
Explore listener stats, chart rankings, contacts and more on the Money Girl podcast page.