How does wealth building happen? First part is are you renting vs owning? If you bought a year ago, your property probably gained about 20% in equity. 20% wealth building from just paying your mortgage as prices continue to go up. As a first time home buyer, it can be scary. We just had a client buy a home $15,000 over the listing price as a first time home buyer. Even at $15k over the listing price, your mortgage payment isn't that big of a difference. Yet, your appreciation over a year could be 10% more than it started.