Home ownership decline

I’m Miriam  Neff,  and I’m Valerie Neff Hogan, with Wise Women Managing Money

M In the last year, home ownership has declined. Estimates vary as well as reasons.  Higher mortgage rates remove some from owning a home, or requiring a less expensive one to cover higher rates.

V Rising rental rates increasingly reduces the possibilities for renters to save to buy their first home.  Owning a home is one pillar in transferring wealth from generation to generation. Biblical principles apply.

There are 220  references to passing an inheritance to offspring.  Often it was land offspring helped till growing up.   Proverbs 13:22 A good person leaves an inheritance for their children’s children, but a sinner’s wealth is stored up for the righteous.

M Remember it’s not ours, but God’s on loan to steward wisely, God’s blessing to the next generation.