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 they’re not appreciating as much anymore.

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Hello I’m 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 databacked approach. My goal is to help you with financial literacy and creating wealth.

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⏱ 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