Yes to generational wealth!
Rachel Rodgers, a business coach, and her husband purchased a 53-acre ranch this week joining a growing list of Black homeowners. According to a Zillow, the online real estate marketplace, Black homeownership is showing signs of improvement, jumping 2.4 percentage points over the second half of 2019. And at the end of last year, 44 percent of Black people owned their homes.
Rodgers expressed awe of her and her husband’s accomplishments, due to their upbringing, writing that they were indeed their ancestor’s wildest dreams.
“We started our business on September 1, 2010. Many have witnessed our hustle -me in the front, my husband as an epic, ever-present support in the back,” She told Because of them We Can. “As the culmination and in celebration of the last decade of our hard work, we have purchased this 53-acre ranch.”
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Owning a home and your own land is about more than having a place to stay, it’s securing a legacy for your future generations.
“Homeownership has been a key path to wealth creation and stability for generations of Americans,” Jeff Tucker, a Zillow economist, said in a press release. “It appears that now, more than 10 years after a housing bust that hit Black homeowners the hardest, more Black families are beginning to move into homeownership. The remaining gap from the 2007 peak shows a long road ahead in the recovery, but this is a step in the right direction.”
Rodgers sent encouragement to her followers, admonishing them not to give up on their dreams, even amidst struggle.
“Here’s what I want you to know: your dreams are within reach. They are possible. They are unfolding even now. Even when you think it’s all over. Stay in the game. And get you a squad who will support you every step of the way,” Her caption stated.
The new homeowners told BOTWC that this is only the beginning for their family.
“There’s more to come because we’re over here trying to change the world and we’re far from done,” Rodgers said. “But now we have this beautiful ranch to enjoy with our babies as we continue to build success for ourselves and those around us.”
Congratulations Mr. and Mrs. Rodgers on the legacy you’re building for yourselves and future generations!
Photo Credit: Instagram/@rachrodgersesq