Molly Manush was surprised by the sound of her own voice on May 24th to hear my question being answered. What I can afford in Jacksonville does not exist. In my price, $190,000, that is not a very old, poorly taken care of condo with a HOA. That is $500 a month. So it's not that this is the shorter, quicker path to home ownership. It's thatThis is the only path. The interest rate, it like just don't tie yourself into a bad situation. If you remember when I gave advice, I said you have to disrespect. You cannot take that advice. And we actually have a follow up call that comes
#449: Jackie is a 42-year-old paralegal with two rental properties. She wants to buy three more. She asks for Paula’s thoughts about today’s economy. Should she buy under these economic conditions?
Jen’s husband will retire with a pension that pays twice their living expenses. Does she still need her own retirement account?
Rachael just bought a duplex, which she wants to househack. But she’s having second thoughts. Did she bite off more than she can chew?
“Minouche” is a return caller with new information: she believes that borrowing from Dad is her only path to home ownership. Does this change Paula and Joe’s advice to her? (And is it even true?) And Molly, a concerned mom, shares some thoughts about this situation.
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
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