How would you feel if someone told you the idea of homeownership as the ultimate goal of the American Dream wasn’t just an outdated idea, but a marketing ploy designed to keep you in debt? In a recent YouTube video, Codie Sanchez, New York Times bestselling author and CEO of Contrarian Thinking, urged her viewers to rethink what financial security really means.
Sanchez said buying a home keeps you “asset rich but cash poor.” She believes that when you buy a house, “your wealth is actually locked behind walls” and owning a home by itself is “just dressed up debt.”
