The Prof G Pod with Scott Galloway Office Hours: Advice to a First-Time Home Buyer, Why did The Prof G Pod Leave Spotify in 2022?, and Putting Yourself out there After a Breakup
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Dec 6, 2023 Scott shares invaluable advice for first-time home buyers, tackling the challenges of high mortgage rates and the path to homeownership. He recalls his controversial decision to leave Spotify over misinformation concerns, highlighting the importance of standing by one's values. The discussion then pivots to navigating the dating scene after a breakup, offering practical tips for rebuilding confidence and understanding the nuances of modern relationships. Tune in for insightful financial advice and heartfelt reflections!
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Avoiding Emotional Attachment When Buying
- Avoid emotional attachment to specific properties and be prepared to walk away.
- Research comparable properties and don't solely rely on your broker's advice.
Reallocating Investments for Down Payment
- It's okay to reallocate investments towards a home down payment, shifting your portfolio.
- Consult financial advisors and consider job stability and rent situation before buying.
Navigating Mortgage Rates
- Consider a variable rate mortgage or one that allows adjustments without penalties if rates decrease.
- Explore first-time homebuyer programs in your state.