The Kids are Alright

Recently, I went a couple of rounds (respectfully) with some readers on Facebook about my statement that I don’t think it’s productive for parents to tell their children that buying real estate is the “correct” path to wealth. I get that the real estate market sucks right now in lack of inventory, inflated prices, and that mortgage interest rates have adjusted upward. (My first mortgage was 11.85%. Either you can afford a mortgage, or you can’t. Rock bottom interest rates were never guaranteed. A decade of people got lucky, and that’s no longer the case. Get over it.)