Why Waiting for the “Perfect” Property is Costing You Wealth

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Jun 4, 2025

Mitra Kalita, a seasoned journalist and CEO of URL Media, reflects on her journey from the 2008 housing crash to her current dream home. She argues that the pursuit of the 'perfect' property can hinder wealth building, emphasizing the importance of starting with your first investment. Mitra discusses the lasting effects of the 2008 crisis on millennials, including rising costs and barriers to ownership. She advocates for pragmatic risk-taking and hands-on experience in real estate, urging listeners to embrace the learning journey in property ownership.

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ADVICE

Buy Your First Home Now

Your first home purchase doesn't need to be perfect, just suitable for your current situation.
Take one step at a time towards buying instead of waiting for the dream property.

ANECDOTE

Mitra’s Moving Childhood

Mitra moved frequently as a child, shaping her adaptable attitude toward housing.
This experience helped her buy multiple homes leading to eventually her dream home.

INSIGHT

2008 Crisis Rooted in Good Intentions

The 2008 housing crash was propelled by intentions to make homeownership accessible.
The crash revealed economic fragility and ushered in a lasting era of uncertainty.

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Your idea of a “dream home” or “dream investment property” is stopping you from building wealth and taking steps toward financial freedom. Don’t believe us? Today’s guest proves it.

Mitra Kalita lives in her dream home today, but it’s only because she bought a house FAR from what was her dream back in 2002. With her family moving often, she was accustomed to packing up and making somewhere new her home throughout her childhood. So, when it was time to buy her first property, then later move, settle in, move again, and repeat, it was nothing new. This has now led to her dream home, but it only started because she made a move on that first property.

Mitra went through the 2008 housing crash as a journalist, seeing what actual loss looked like for everyday Americans. However, even with memories of the last crash, she still owns real estate and hopes the new generation of first-time homebuyers can do the same. Today, we’re talking with Mitra about the impact 2008 had on the housing market and society at large, why your “dream home” often comes after your first home, and why working while investing is a superpower that most Americans are missing.

In This Episode We Cover

Why you should ditch the “dream” home/property idea and buy now instead

How the 2008 housing crash changed America forever and still affects today’s buyers

Is buying a house still worth it, and if so, will most millennials ever get their chance to buy?

Why combining real estate investing and a strong career can be a wealth-building superpower

And So Much More!

Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/real-estate-1130

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