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A comment on Majority of Hispanic Americans own a home. Parent comment

Re:Majority of Hispanic Americans own a home by hdespiritu on Friday March 03, 2023 @06:26PM (#35016386)
If it's your primary residence, the homestead tax credit can offset that increase substantially

https://smartasset.com/taxes/what-is-a-homestead-tax-exempti...

OP's original point still stands. Real estate in America is designed to have many economic advantages for wealth accumulation and preservation. You might even go as far as saying the economic advantages of real estate are a byproduct of regulatory capture

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Re:Majority of Hispanic Americans own a home by nerdchum on Friday March 03, 2023 @11:25PM (#35018158)
> economic advantages of real estate are a byproduct of regulatory capture

This seems correct to me. I don't think it's been specifically designed to be a store of wealth.

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