Buying a home is one of the most significant financial commitments most people make in their lifetimes. Owning a home is one of the most universally cherished dreams. Living in a space that’s entirely yours, free from the obligations of monthly payments, can seem like the pinnacle of financial peace. But what if the widely […]
Why You Should Never Pay Off Your House Read More »
As we approach spring 2023, the US housing market has not crashed nationally. Not even close. The most significant drops in home prices have been in the same metropolitan areas that also have had the biggest run-ups in price since 2020. According to Newsweek, the cities with the biggest drops in home prices so far
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We have two primary sources that drive home prices, buyers demand and sellers supply. The main reason we didn’t see a housing crash in 2022 is that while the demand has dropped due to factors of financing costs and inflationary pressures on personal budgets at the same time sellers are in short supply, especially in
Will the Housing Market Crash in 2023? Read More »
The traditional way to see how much of a mortgage payment you can afford is to take your monthly income and multiply it by 0.28. So if your monthly income was $5,000 this formula would say you can afford a $1,400 a month house payment. So someone with a $60,000 annual income could afford a
How Much House Can You Afford? (The 3-30-10 Rule) Read More »
Real estate and stocks are two different asset classes. Real estate is owning properties, buildings, or homes while stocks are owning equity in a publicly traded company. Both types of assets can appreciate in value for capital gains and both can be used to create cash flow. Many factors effect which investment could be right
Real Estate vs. Stock Market: Which One Will Make Me More Money? Read More »
Home prices minus the inflation rate equals real home prices. The historical performance of home prices has to be looked at in terms of inflation adjusted returns not nominal home prices. If your house goes up 10% in one year but inflation also goes up 10% you didn’t have a 10% return, your house was
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Warren Buffett believes that compared to the potential of companies and stocks that real estate is a lousy investment. This is speaking relative to business ownership as he does think money can be made in real estate especially in times of market mispricing. However, his edge is in analyzing the value of future company cash
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