STREET BEAT: ‘Is owning a home still important?’

Walter McConnell

Palmdale

“It’s important for creating generational wealth, but for my generation, it’s become a dream. Sometimes dreams don’t come true.”

Elecia Peters

Eastvale

“It’s important if it’s obtainable.  It gives you the ability to save through the home and you’re not likely to lose if you own [it] for a long period of time.”

Michael Smoots

Los Angeles

“Yes and no. Yes, if you can afford it. If you can’t it’s OK, too. … Houses come with a lot of problems that take away from savings.”

Tanika Palmer

Los Angeles

“Yes. You’re in control and you can pull money out. With renting, you’re not in control and it’s harder to save as much as you could with a house.”

Compiled by Cynthia Gibson in Los Angeles.