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In a real estate market with limited supply and investors paying over value for homes, this could be the last opportunity to build wealth with real estate.
On this episode, Eric Forney and Michael bounds dive into the nature of today's real estate market and how it is increasing the wealth divide. They discuss how home ownership is the main source of wealth for most people, but as competition increases for buying a home, it's getting harder for them to take advantage of the many benefits of home ownership. They explain how investors are playing a whole different game than a first time home buyer - the investor is wanting to purchase an ATM and the first time home buyer wants to buy a place to live. They break down the huge benefits associated with having a mortgage over a landlord, and recommend that you can't afford to keep paying rent anymore.
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In a real estate market with limited supply and investors paying over value for homes, this could be the last opportunity to build wealth with real estate.
On this episode, Eric Forney and Michael bounds dive into the nature of today's real estate market and how it is increasing the wealth divide. They discuss how home ownership is the main source of wealth for most people, but as competition increases for buying a home, it's getting harder for them to take advantage of the many benefits of home ownership. They explain how investors are playing a whole different game than a first time home buyer - the investor is wanting to purchase an ATM and the first time home buyer wants to buy a place to live. They break down the huge benefits associated with having a mortgage over a landlord, and recommend that you can't afford to keep paying rent anymore.