Basic correlation vs. causation error. It may simply be that high earners are more able to "upgrade" a home more often or move for better opportunities (remote

Basic correlation vs. causation error. It may simply be that high earners are more able to "upgrade" a home more often or move for better opportunities (remote work will change this), whereas the poor could only afford to buy a home [and stay] decades ago. The common saying "home ownership is your biggest asset" stills holds true for generational wealth - housing is always in high demand and land is in short supply (population growth) But even a house (not land) starts to depreciate at >50 yrs - renovations, teardowns, resale, etc. https://www.budgetdumpster.com/blog/buying-an-old-house/ https://www.budgetdumpster.com/blog/buying-an-old-house/