This post addresses home-ownership not from an expert point of view but rather focusing on conventional wisdom. For many of us, it’s not easy getting into a home, and if you’re lucky enough to own one, hold on to it, as it can serve as a pathway to wealth.
Moreover, due to decades of racism and discriminatory practices resulting in vast disparities in home-ownership between Blacks and Whites in the United States, rich or wealthy Blacks should do all within their powers to help less fortunate Blacks get into a home. It means Blacks being proactive, using their buying power and individual influences [i.e., Black business tycoons, celebrities, sports figures, the affluent, etc.] to assist less fortunate Blacks in every imaginable way to acquire an affordable home.
— Remember, we can’t take our riches and wealth to the grave, and so the natural thing to do, to the furthest extent possible — is to be of service to the less fortunate. It is the end goal on earth.
Something else may interest you: “Housing Discrimination Under the Fair Housing Act,” it’s United States law. Learn your rights, or ask someone to explain them to you.
“Own yours or affect others.” Give graciously, and with strong intent.