12.16.24 SAVE MORE With DIY Repairs / Housing Market Update
Dec 16, 2024
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Learn how DIY repairs can save you money, from fixing your car to home improvements. Discover insights on the housing market, revealing a surprising shift in the price dynamics between new and used homes. Explore the rise of satellite communities as people seek affordable living after the pandemic. Plus, get tips on budgeting and navigating the rental market. Finally, dive into investment choices, emphasizing the benefits of low-cost index funds for your retirement savings.
33:57
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Quick takeaways
Learning to handle DIY repairs can significantly save money and enhance personal accomplishment through accessible online resources.
The shifting housing market shows a trend of people relocating to satellite communities for affordability and improved quality of life, despite longer commutes.
Deep dives
Maximizing Holiday Shopping with Apple Card
The Apple Card offers a convenient option for holiday shopping, allowing users to apply and start using it almost instantly. It provides up to 3% cash back on purchases, making it particularly beneficial for buying Apple products. This financial incentive encourages users to utilize the card while they are completing their shopping, potentially increasing their savings during a time when spending typically increases. Overall, this card not only simplifies the purchasing process but can also lead to significant cash back rewards.
DIY Home Repairs and Cost Savings
Learning to handle small home repairs independently can lead to significant cost savings, as illustrated by personal experiences shared in the discussion. By utilizing online resources like YouTube for tutorials, individuals can fix issues that would otherwise require expensive professional assistance, such as repairing a car's hatch or installing new locks. The effectiveness of this approach demonstrates that with some basic research and patience, many DIY tasks can not only save money but also instill a sense of accomplishment. However, caution is advised for more complicated jobs, as they could lead to larger issues and higher repair costs.
Trends in the Housing Market and Moving Preferences
The current housing market is characterized by a unique shift where new homes are often cheaper or only slightly more expensive per square foot than used homes, reversing historical trends. This change is likely influenced by remote working arrangements and the desire for more affordable housing in satellite cities further from urban centers. As individuals prioritize quality of life and lower costs, they are increasingly moving to areas that may require longer commutes, affecting their overall budgeting for transportation. This adjustment highlights the complexities middle-class families face in balancing housing choices with daily living expenses.
You CAN DIY - by learning to fix things, even on your own car! Believe it or not, even Clark has been able to do this! Also today, a housing market update including new vs used homes, where people are buying now and why.