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What Goes Up Must Come Down?

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Manage episode 423612772 series 3315608
Content provided by Trevor Cummings. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Trevor Cummings or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week's blogpost - https://bahnsen.co/4b4UxiQ

Navigating Home Affordability: Practical Insights

In this episode of the Thoughts on Money podcast, Trevor Cummings, joined by Blaine Carver, explores the current challenges of home affordability, discussing the impact of rising real estate prices and mortgage rates. They provide insights into why today's housing market is less affordable compared to previous decades, emphasizing the importance of considering financial ratios, such as home price-to-income. The conversation also delves into social pressures around home ownership and offers practical advice, including the significance of patience in financial decisions, the pitfalls of financial acrobatics, and the crucial role of parents in guiding their children through these financial choices.

00:00 Introduction to Thoughts on Money 00:40 Controversial Real Estate Opinions 01:34 Emotional Attachment to Real Estate 03:38 Baseball Anecdote and Home Prices 06:52 Affordability and Financial Ratios 11:12 Impact of Mortgage Rates on Home Buying 16:59 Generational Perspectives on Home Buying 20:41 Social Pressure and Home Ownership 21:49 Renting vs. Buying: Personal Experiences 24:52 Financial Acrobatics in Home Buying 26:55 Parental Support and Financial Independence 28:59 Key Financial Advice for Home Buyers 32:25 The Importance of Patience in Financial Decisions 38:16 Final Thoughts and Closing Remarks

Links mentioned in this episode:

  continue reading

188 episodes

Artwork
iconShare
 
Manage episode 423612772 series 3315608
Content provided by Trevor Cummings. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Trevor Cummings or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week's blogpost - https://bahnsen.co/4b4UxiQ

Navigating Home Affordability: Practical Insights

In this episode of the Thoughts on Money podcast, Trevor Cummings, joined by Blaine Carver, explores the current challenges of home affordability, discussing the impact of rising real estate prices and mortgage rates. They provide insights into why today's housing market is less affordable compared to previous decades, emphasizing the importance of considering financial ratios, such as home price-to-income. The conversation also delves into social pressures around home ownership and offers practical advice, including the significance of patience in financial decisions, the pitfalls of financial acrobatics, and the crucial role of parents in guiding their children through these financial choices.

00:00 Introduction to Thoughts on Money 00:40 Controversial Real Estate Opinions 01:34 Emotional Attachment to Real Estate 03:38 Baseball Anecdote and Home Prices 06:52 Affordability and Financial Ratios 11:12 Impact of Mortgage Rates on Home Buying 16:59 Generational Perspectives on Home Buying 20:41 Social Pressure and Home Ownership 21:49 Renting vs. Buying: Personal Experiences 24:52 Financial Acrobatics in Home Buying 26:55 Parental Support and Financial Independence 28:59 Key Financial Advice for Home Buyers 32:25 The Importance of Patience in Financial Decisions 38:16 Final Thoughts and Closing Remarks

Links mentioned in this episode:

  continue reading

188 episodes

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