Joey Cold Cuts believes the process of buying a home is filled with unexpected expenses and difficulties.

“Not only like there are more hidden fees, title fees, inspection fees. Now I found out that two of the AC units are need to be replacing. That's like 20 grand.”

The Jet warns that excessive spending on a home purchase can lead to being financially house poor.

“I only said it because he described me. He's like, I'm buying a house. He's like, and I'm getting banged. And I was like, "Oh, well then you're just going to be house tour."”

Homeownership is a highly effective way for Americans to generate wealth because of the forced savings mechanism inherent in mortgage amortization.

“and because the debt amortizes you're forced to save over time it's highly illiquid it's hard to take your money out of it it is what makes a great investment”