Should Homeownership Be Incorporated Into a Wealth-Building Plan?
We are programmed that homeownership is part of the American dream, but you really have to look at what works for your own life. Your housing expenses should never exceed 30 percent of your monthly salary, and that homeownership brings with it the added responsibility of ongoing maintenance, property taxes and property insurance.
Homeownership is not for everyone; don’t invest in an American dream that isn’t yours. (Photo: Daniel Acker/Bloomberg via Getty Images)