Keep Your Kool: 5 Homeownership Myths Worth Busting

You’ve probably heard it before: “You’re just drinking the Kool-Aid.”

But let’s be real: nearly 90% of U.S. millionaires have built at least part of their wealth through real estate ownership (CNBC, 2023). So maybe sipping that metaphorical Kool-Aid isn’t such a bad idea.

This June— National Homeownership Month—we’re inviting you to keep your Kool and explore what homeownership looks like in today’s market.

5 Homeownership Myths Worth Busting

Let’s cut through the noise and get to the truth:

• MYTH #1: You need perfect credit to buy a home.
  Reality: You don’t. FHA loans can go as low as 580, and many conventional options start at 620. We’re not looking for perfection—we’re looking for a plan.

• MYTH #2: You need 20% down.
  Reality: Some buyers put down 3% or even 0%. The right loan program depends on you, not outdated advice.

• MYTH #3: It’s better to wait for the market to crash.
  Reality: The most proven strategy in real estate? Buy and hold. And remember: You don’t “lose money” on a home unless you sell. Waiting isn’t always safer—it’s just delayed equity.

• MYTH #4: Renting is cheaper than owning.
  Reality: It might be that way month-to-month, but rent rises while fixed mortgage payments stay steady—and homeownership builds wealth over time.

• MYTH #5: You should wait until you’re “100% ready.”
  Reality: No one ever feels 100% ready. But with the right guidance and a strategy built around your actual goals, you’ll be far more prepared than you think.

Why It’s Worth Sipping the Real Estate Kool-Aid

• Build equity instead of just paying rent

• Stabilize your monthly housing cost

• Create long-term wealth (without feeling like you’re winging it)

• Customize your space without asking for permission

Speaking of Kool-Aid…

To celebrate Homeownership Month with some fun, we’re sharing the wildly creative ways you can use Kool-Aid packets. Get creative and think:

• DIY lip gloss

• Frosting flavor & tie-dye cupcakes

• Kool-Aid bath bombs (yes, it works)

• Homemade watercolors or slime

• Or just drink it and enjoy some summer nostalgia

Check out the full list here:
👉 25 Cool Things To Do with Kool-Aid
👉 Sweet & Smart Kool-Aid Hacks

Bottom Line?

Whether you're ready to buy or just ready to learn—I'm at your Aid.
Let’s keep things cool, calm, and fact-based. Your questions are welcome, and your goals matter.