“Homeownership has always been an important way to build wealth.”
The net worth gap between owners and renters exists in large part because homeowners build equity. As a homeowner, your equity grows as your home appreciates in value and you make your mortgage payments each month.
Source: https://www.simplifyingthemarket.com/en/2022/03/28/a-key-to-building-wealth-is-homeownership/