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Join us as Wealthion host Eric Chemi and Kori Hale, CEO of CultureBanx, dive deep into the harsh realities millennials are facing in the current housing market in 2024. From navigating the complexities of interest rates, what millennials want when it comes to renting vs. buying, and leveraging assets like your 401K, Kori offers her insights into what the future holds and what decisions may be best for your financial future. Whether you're a first-time homebuyer or looking for your next investment opportunity, this episode is packed with valuable information on making informed decisions in a challenging real estate landscape.
What are your thoughts on the current housing market? Let us know in the comments below!
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Timestamps
00:47 - Is the American Dream Fading?
02:08 - The Impact of Mortgage Interest Rates
04:32 - Government's Role in Housing & Debt
06:36 - The Reality of Home Prices
09:22 - Best Cities for Real Estate Investment
14:03 - Renting vs. Buying: What Millennials Want
17:20 - Leveraging 401K for Home Buying
27:02 - Renting vs. Living with Parents
30:04 - Predictions on Fed Rate Cuts
34:46 - Closing Thoughts & Wealthion Services
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