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Money Guy Show

Will the Market Crash in 2024?

Jan 31, 2024
The podcast discusses whether it is worth selling a house bought during the peak of the market to take advantage of lower interest rates. They also have a casual conversation about movie references and trivia. The hosts provide insights on counting a commercial building loan payment towards the savings rate. They discuss how to prepare for a market crash in 2024 or 2025 and encourage making the right financial decisions early in life.
27:51

Podcast summary created with Snipd AI

Quick takeaways

  • Committing to a longer-term home buying decision allows for potential market rebound and equity growth over time.
  • Maintaining a strong financial foundation by building liquidity and cash reserves provides flexibility and peace of mind, regardless of market conditions.

Deep dives

Consider the long-term commitment to a real estate purchase

When buying a home, it is important to commit to a longer-term decision, even if the purchase is made at the height of the market. This allows for potential market rebound and equity growth over time. If considering an upgrade in the next few years, it may be wise to view the current home as a stepping stone for the next 4-6 years.

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