I don’t think that the best way to get rich is owning real estate. It used to be that RE was highly illiquid so after 30 years you had something “to show for.”
The sweat equity factor also allowed people have something to “show for.”
However, so many new products now allow people to tap their equity and even borrow more than their houses are worth. It could turn out that owning RE is the way to the poor house for many.
From a strickly return standpoint, RE doesn’t do nearly as well as other financial investments.
