Bungalows
Traditionally, homeownership is the ladder to personal wealth because it:
Offers security of tenure (and hence incubates healthy and growing families)
Rewards initial asset accumulation (the down payment)
Enforces savings (equity buildup through amortization)
Motivates property upgrades (through home improvement and its developing-nation analog, incremental housing)
Creates a tappable source of equity for personal needs (children’s education, new business formation).
Inherent [...]
