This Advice on Homeownership Hasn’t Changed in 200 Years

By
Mortgage and Lending 329077

Last month, we reported that billionaire John Paulson believes in the financial advantages of homeownership. He has often repeated:

 

"I think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you're the owner-occupier of.”

 

However, he has not been the only billionaire to give such advice. As a matter of fact, that same advice has been given by people of wealth throughout the history of our nation.

Here is a quote often attributed to Theodore Roosevelt, 26th President of the United States and billionaire real estate developer:

“Every person who invests in well-selected real estate … adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.”

Andrew Carnegie, one of the richest entrepreneurs in American history said:

“90% of all millionaires became so through owning real estate.”

 

Bottom Line

 

If the same advice has been given by the wealthiest people in each era of our country’s history, perhaps we should take it.

Comments (1)

Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great information!  Thanks for sharing!  I hope you have a pleasant weekend too!

Apr 30, 2015 11:08 PM

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