Today, Explained Is a house still a good investment?
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Apr 6, 2025 
In this discussion, James Rodriguez, a Senior real estate reporter at Business Insider, and Mandy Woodruff-Santos, host of the Brown Ambition podcast, tackle the shifting landscape of homeownership. They explore why millennials and Gen Z face hurdles in a market once celebrated for building wealth. Rising insurance costs due to climate change are also examined, alongside the impact of extreme weather on property values. The conversation culminates in practical insights on whether to buy or rent, urging informed financial decisions in uncertain times.
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Homeownership as Wealth-Building
- Homeownership has been a traditional wealth-building method, especially for baby boomers.
- However, this approach has seen varying success and may not hold true in the future.
Modern Homebuying Challenges
- Today's homebuyers face affordability challenges due to rising interest rates and home prices.
- Economic instability and a lack of savings contribute to increased financial stress.
Millennial Homebuying Struggles
- Millennials face unique homebuying challenges, including competition with cash-rich baby boomers and a housing shortage.
- The Great Recession's impact on construction and lower birth rates further affect market dynamics.