The Clark Howard Podcast 08.18.25 Housing Update - Spotlight: Condos / Medical MalFEEsance
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Aug 18, 2025 Explore the unique dynamics of the condo market and how it differs from single-family homes, especially in Florida. Discover the importance of long-term commitments for first-time buyers and financial strategies for condo owners. Uncover the shocking practice of undisclosed facility fees on medical bills and how to avoid unexpected charges. Dive into the current trends in healthcare as hospitals acquire smaller practices, impacting patient care and doctor independence. Gain insights into managing your finances wisely amid these shifts.
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Condo Market Is Highly Volatile
- Condo prices move much more dramatically short-term than single-family homes and follow an EKG-like up-and-down pattern.
- This makes condos far more price-sensitive and likely to drop more during downturns, especially in places like Florida.
Wait Before Buying Declining Condos
- If you want to buy a condo in a market that's declining, wait for clearer capitulation and longer market evidence before acting.
- Be especially patient in large condo markets like Florida where values have more room to fall.
Prepay High-Rate Mortgage For Guaranteed Return
- Pay down a mortgage charging 6.5% if you value guaranteed returns over risky market gains.
- Treat every extra mortgage payment as a guaranteed 6.5% return compared to uncertain stock returns.