The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
Personally, I can connect to that. When I began working with "Stacie Lynn Winson," a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
Please how do I connect to her? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.
renowned for her proficiency and expertise in the financial market, ''Stacie Lynn Winson’’ my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
I am twenty-three and I still have the ideology of purchasing homes. We have already seen the real estate market slowly cooling off due to high interest rates and reduced buyer spending. I will try to purchase a house next year once the bubble bursts.
I purchased my home and I just paid that off now in September. Took me 9 yrs, 9 months and 5 days to paid that off. So, now I just have to invest and save for retirement which is awesome!
I don’t know why, but every personal finance distressed example in podcast or video always I ever heard always include an incident of divorce. Divorce is very expensive.
At last it's slowly getting into public discourse. I've been saying this for years even before any housing crisis: "A house is a savings, not an investment". Sure it looked like an investment before with +20% YoY but that's because it has been UNsustainably growing.
Your primary residence is an expense, not an investment. When calculating net worth, your financial advisor will not include the equity in the home you live in. For many this is a tough pill to swallow.
Weighing rent vs home buying right now it doesn't make any sense you'd save money renting.. The adage date the rate doesn't work if the price of your home drops either. Home prices relative to incomes and rates are scary.
Realtor transaction fees (averaging 6%) in the USA are double the rates in the rest of the developed world.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
Personally, I can connect to that. When I began working with "Stacie Lynn Winson," a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
Please how do I connect to her? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.
renowned for her proficiency and expertise in the financial market, ''Stacie Lynn Winson’’ my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
I am twenty-three and I still have the ideology of purchasing homes. We have already seen the real estate market slowly cooling off due to high interest rates and reduced buyer spending. I will try to purchase a house next year once the bubble bursts.
Maybe because the minimum wage is still $7
What's crazy is that the second Minimum wage is raised, the price of all goods will also rise. GREED runs everything
Minimum wage is $15 in California, which helped push average California home prices north of $1 million.
Because interest rates are higher.
I purchased my home and I just paid that off now in September. Took me 9 yrs, 9 months and 5 days to paid that off. So, now I just have to invest and save for retirement which is awesome!
Same for me and I still young
Math ain't mathing 🤣🤣🤣🤣
Simple as that.
I don’t know why, but every personal finance distressed example in podcast or video always I ever heard always include an incident of divorce. Divorce is very expensive.
"A lot of people are having to re-jigger their definitions of success." - The Eloquent Rachel Wolfe
I think she wanted to say renig but that woulda ended badly
At last it's slowly getting into public discourse. I've been saying this for years even before any housing crisis:
"A house is a savings, not an investment".
Sure it looked like an investment before with +20% YoY but that's because it has been UNsustainably growing.
Your primary residence is an expense, not an investment. When calculating net worth, your financial advisor will not include the equity in the home you live in.
For many this is a tough pill to swallow.
Lose the term 'starter home'. Who came up with that?? You have a home!!! Pay it off.
Because the homes are not worse it excessively high price.
Weighing rent vs home buying right now it doesn't make any sense you'd save money renting.. The adage date the rate doesn't work if the price of your home drops either. Home prices relative to incomes and rates are scary.
I rent decent apartment for under 500 per month and could not be happier.
Either the price of homes are too expensive!
Or
People are not making enough money$$$$
Failed to mention investment firms buying single family homes!
Your first house literally determines your financial success for the rest of your life. It will keep you poor until you sell it.
Why pay for a home if you can't afford it. It's not a necessity to own a home nowadays.