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Money Guy Show
Is NOW the Right Time to Buy a House?
Dec 18, 2023
Discussion on buying a house amidst rising prices and interest rates, the importance of not relying on inheritance, investing tips for young investors and their parents, and understanding steps seven and eight of the financial order of operations.
22:08
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Quick takeaways
- There are benefits to buying a house now due to purchase prices being under pressure, even though interest rates are less attractive.
- Receiving a significant inheritance should not change day-to-day behavior or reliance on it for financial security; building personal wealth and financial independence should remain a priority.
Deep dives
Navigating the Housing Market: Buy Now or Wait?
Many individuals are unsure whether to buy a home now or wait for interest rates to decrease. Home prices have been steadily increasing, while interest rates have become less attractive. While predictions about interest rates are uncertain, there are benefits to buying now, as purchase prices are currently under pressure. It is important to consider factors such as time horizon, down payment savings, and future payment affordability when making this decision.
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