It's Over: Homes Won't Make You Rich in 2024 |
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Owning a Home Wont Make You Rich Anymore - well, at least according to the data. Owning a home back in the day used to double as not only a place to live, but a great investment as well. If you grew up in the 70s, 80s, 90s etc - the American Dream was to buy a house because it means heavy in appreciation. Its also just seems to be accepted that buying a home has been the sole way to build your wealth.
Ok so when it comes to homes, IF we compare the CAGR of home prices between different time periods, we can assess whether or not there has been a slowdown in the rate of appreciation. Using our two data points from 1970 to 2023, the Compound Annual Growth Rate of this entire period was 5.63%... The CAGR from 2009 till now is approximately 4.13% - this means that homes are appreciating at a rate that is 1.5% lower than the entire time period, which means that theyβre not appreciating as much anymore. FREE STOCKS: π Webull USA: https://a.webull.com/i/HumphreyYang π Webull UK: https://www.webull-uk.com/i/humphreyUK π MooMoo: Click this link to get up to 15 free stocks when you make a qualified deposit Terms & Conditions Apply: https://j.moomoo.com/00iNNL πΎ Coinbase: Get up to $200 for Getting Started β https://coinbase-consumer.sjv.io/QOA326 π Public: https://www.pqr3ntrk.com/6QFBWN/J8P3N/ to get $10 worth of free Stocks πΈ SoFi Checking & Savings: https://sofi.com/humphrey Get up to 4.40% APY, pay no account fees and earn $250 when you sign up and set up direct deposit. Terms apply. πΎ Join our free Discord Community: https://discord.gg/humphrey Coinbase New User Incentive is a limited time offer. Offer available to new users only. Terms apply. See for details: https://help.coinbase.com/en/coinbase RESOURCES: π΅ Free Templates: https://beacons.ai/humphreytalks/freedownloads πͺ Hump Days Newsletter β https://humpdays.substack.com βΆοΈ See What I Invest In β https://patreon.com/humphreytalks π³ My Favorite Credit Cards β https://cardonomics.com/i/humphrey πΎ Discord Community: https://discord.gg/r9UbduW4zU MY SOCIALS: Secret Channel -- https://youtube.com/@hug Instagram -- https://instagram.com/humphreytalks Twitter -- https://twitter.com/humphreytalks TikTok -- https://tiktok.com/@humphreytalks Rickie (Editor) β https://instagram.com/coldgamerick WHO AM I? Hello π Iβm Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth. PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel! β±οΈ Timestamps: 0:00 - Start Here 0:38 - Two Reasons to Buy 1:30 - Appreciation over Time 2:30 - CAGR Example 3:46 - Home Appreciation Data 5:10 - Buy or Rent? 6:38 - Homeowners Wealthier Than Renters? 9:12 - Why I Would Still Buy a Home 12:07 - Easter Egg |