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The chief wealth generating event that most home owners experience is when the deed is yours. Then you aren't paying the bank "rent" any longer and only have to worry about property taxes and maintainence. Then you have the start of intergenerational wealth and or a hard asset you can sell for example, old people selling homes and buying a smaller they're better able to manage.

Nt saying the article is not contradictory, maybe it is, just pointing out that "wealth" is a flexible concept.