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Money Guy Show

"Should We Sell Our House to Pay Off Student Loans?"

May 27, 2024
On this podcast, they explore whether selling a house to pay off student loans is a wise choice. They also discuss house hacking, tenant screening, retro hairstyles, financial planning for law enforcement, instilling financial responsibility in children, and optimizing extra income from a side gig with tax considerations.
37:08

Podcast summary created with Snipd AI

Quick takeaways

  • Evaluate housing expenses to align with gross income when considering higher mortgage payments due to house hacking.
  • Embrace a financial mutant mindset to achieve homeownership goals faster by utilizing lower interest rates and rental income from house hacking.

Deep dives

Reviewing Housing and Mortgage Decisions

When considering higher mortgage payments due to house hacking, reevaluate housing expenses to ensure they align with gross income. House hacking can be a smart approach to real estate ownership, especially in challenging markets, but plan for unexpected roommate changes. Be honest about financial scenarios and assess your ability to handle various outcomes.

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