Why Owners & Renters Alike Would Benefit from a Housing Market Cooldown
Today's episode is about the current reality of the US housing market (and stock market, to some degree) and how it's—paradoxically—not actually good for anyone, renters and owners alike. The one group it is benefiting? Investors.
The episode dives into why I think a cooldown is inevitable, and focuses more on why human shelter turning into an inflated asset class is dangerous for everyone who needs a house to live in. Look no further than Canada’s precarious situation and increasing homelessness for a cautionary tale.
My guest this week (Brandon of Mad FIentist fame) lends his perspective as someone who narrowly escaped the bubble burst in 2008 and ended up losing money on his next property—only to be priced out entirely in 2022. For context, Brandon retired a multimillionaire at age 34. He rents.
Cited Sources
Philip Pilkington's dire warning about intergenerational "war" stemming from inflated asset prices
Investor participation in the real estate market reaching new highs (Washington Post)
Americans' inability to pay for a minor emergency
Follow Along
Blog
Instagram
Twitter
Learn more about your ad choices. Visit megaphone.fm/adchoices
The episode dives into why I think a cooldown is inevitable, and focuses more on why human shelter turning into an inflated asset class is dangerous for everyone who needs a house to live in. Look no further than Canada’s precarious situation and increasing homelessness for a cautionary tale.
My guest this week (Brandon of Mad FIentist fame) lends his perspective as someone who narrowly escaped the bubble burst in 2008 and ended up losing money on his next property—only to be priced out entirely in 2022. For context, Brandon retired a multimillionaire at age 34. He rents.
Cited Sources
Philip Pilkington's dire warning about intergenerational "war" stemming from inflated asset prices
Investor participation in the real estate market reaching new highs (Washington Post)
Americans' inability to pay for a minor emergency
Follow Along
Blog
Learn more about your ad choices. Visit megaphone.fm/adchoices
The podcast The Money with Katie Show is embedded on this page from an open RSS feed. All files, descriptions, artwork and other metadata from the RSS-feed is the property of the podcast owner and not affiliated with or validated by Podplay.