How to Money Friday Flight - Appealing ARMs, Iterating Investments, & College Cost Cuts #960
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Mar 21, 2025 Discover the intriguing world of adjustable-rate mortgages and their risks versus fixed rates. Explore how consumer behavior changes with housing market trends and the impact of political developments. Dive into the balance between instant gratification and long-term investment, peppered with entertaining stories. Unpack the value of community over exclusive memberships, and learn strategies for reducing college costs while navigating essential expenses like cell phone bills. Plus, find out how to invest wisely in high-quality items!
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Tariff Tactic?
- Joel's mom received a text offering her current blind prices before a 20% tariff-related increase.
- She ultimately declined due to already high prices, suspecting a sales tactic.
ARMs: A Viable Option?
- Consider an adjustable-rate mortgage (ARM) for lower initial rates, especially if you plan to move or refinance before the fixed term ends.
- Carefully weigh the risks of potentially higher future rates and choose a term matching your anticipated stay.
Supply vs. Regulation
- Increased housing supply, like in Austin, can lower housing costs and empower renters, while restrictive regulations hinder affordability, as seen in California.
- Building on underutilized federal land could increase supply and lower housing costs, benefiting younger generations.