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The Economic Times
The Economic Times

Is buying a home still the way to wealth? Some young Americans aren't sure

The fast-rising costs of owning a home have some young Americans questioning whether buying a house is still a good investment.

Take Tony Zhang, 34, who bought a $950,000 townhouse in Irvine, California in 2021 and says he now regrets it. The supply-chain manager says investing his down payment of roughly 30% in the stock market instead would have left him with a portfolio worth as much as $1 million today.

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