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A comment on Baby boomers are becoming homeless at a rate not seen since the Great Depression. Parent comment
This is clearly impossible. I think everyone can agree that a house is worth something. It's a roof over your head, so that's worth something nonzero.
So if you own it, you own some value. Might be low, might be lower than what you paid initially, but it's worth something nonetheless.
If you perpetually rent you own nothing, so your equity is always $0.
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This is clearly impossible. I think everyone can agree that a house is worth something. It's a roof over your head, so that's worth something nonzero.
So if you own it, you own some value. Might be low, might be lower than what you paid initially, but it's worth something nonetheless.
If you perpetually rent you own nothing, so your equity is always $0.