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Principle No. 5
I will use homeownership as a foundation for building wealth
TYRE SPERLING DREAMED OF OWNING HIS OWN HOME as early as his senior year at Florida A&M University. The Los Angeles native graduated in 2005 and moved to the South a year later. "I couldn't afford a home in LA.," Sperling says. "The median price of a one-family home at that time was more than $500,000. The cost of living in Atlanta was dramatically lower." Sperling's sister had just moved there and told him the city was a great place for young, black professionals. He now works as a public relations specialist with United Parcel Service.
