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GOBankingRates

Jordan Rosenfeld

I Asked ChatGPT How the Rich Build Wealth in Real Estate: Here’s Its Explanation

izusek / Getty Images

The average person buys real estate to have somewhere to live. Rich people buy real estate as part of a larger strategy to build wealth. Real estate not only has value because it appreciates over time, building equity, but because of tax strategies that enable owners and investors to get tax breaks and deductions.

I asked ChatGPT to explain more about how the rich build wealth through real estate.

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One subscription that gives you access to news from hundreds of sites

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