RT Kurt Supe, CPA & Retirement Planner (@KurtSupeCPA)Your son makes $92K and just turned 40 in a rental apartment.You have $5.1M collecting dust.Explain that to me.My client watched this happen for 3 years."I don't want to enable him."Enable him to what? Own a home?Stop bleeding $2,800/month in rent?Give your grandkids their own bedrooms?We finally structured a $225K gift last month.Now his son owns a home. The grandkids have a yard. And he gets to hang out with his grandkids in a space they'll remember for ...

RT Kurt Supe, CPA & Retirement Planner (@KurtSupeCPA)Your son makes $92K and just turned 40 in a rental apartment.You have $5.1M collecting dust.Explain that to me.My client watched this happen for 3 years."I don't want to enable him."Enable him to what? Own a home?Stop bleeding $2,800/month in rent?Give your grandkids their own bedrooms?We finally structured a $225K gift last month.Now his son owns a home. The grandkids have a yard. And he gets to hang out with his grandkids in a space they'll remember for ...

Housing Market Trends - Zillow reports that 59% of renters intending to move within the next year plan to continue renting [1] - The average homeowner now takes 7 to 10 years for owning to make more financial sense than renting, considering mortgage interest rates, home value appreciation (expected to rise less than 2% year-over-year), rent price growth, and opportunity costs [2][3] - In expensive coastal metros like New York City and San Francisco, it can take 15 to 20 years to break even on buying, while in more affordable metros like Memphis or St Louis, it takes 3 to 4 years [4][6] - Prior to the pandemic, the buy-rent break-even point was 2 to 3 years nationwide [7] Renting vs Buying - Renting can be a smart long-term financial option, leading to the rise of the lifestyle renter who values flexibility and freedom [7][8] - The decision to rent or buy depends on personal lifestyle choices and how long one plans to stay in a place [8][9] Advice for Aspiring Homeowners - Improve credit, debt-to-income ratio, and savings to land a better interest rate [11] - Utilize tools like Zillow's Buiability to determine affordability on a monthly basis [12] - Form a team of experts, including a great agent and loan officer, to gain a competitive advantage [13] Future Outlook - Any cuts in mortgage rates or reduction in prices will help affordability and bring more buyers to the market, shrinking the buy-rent break-even time horizon [14] - Even if mortgage rates were to come down dramatically, only 37% of renters said they would buy a home, indicating a continued preference for renting due to lifestyle reasons [15]

>lowering lending standards>lengthening loan durations https://t.co/wuw7sOe8AQNightingale Associates (@FCNightingale):Fannie Mae set to drop its 620 credit score minimum.Mortgage giant will instead use its own analysis of risk factors.Officials say they're easing barriers to borrowing."It's just the latest in a series of policy changes aimed at creating home ownership opportunities in the https://t.co/yvzcgr1YB1 ...

What is it about Singapore that makes it I don't know why I sort of assumed they did the same 99-year land base and that similar >> this is the most interesting thing they start off with all the inherited things that Hong Kong starts off with. You know up until the middle of the 20th century the cities are run on very very similar lines. Hong Kong goes off in one direction and Singapore goes off in another.And the Singaporean direction is basically how do you maximize home ownership right um permanently. Ho ...

There are two types of people in the world:Those who want to invest their capital in making it easier for American home ownership by seeing $OPEN succeed and those who want to profit by shorting the company and making home ownership harder.Choose wisely. ...

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Core Insights - The report from Redfin indicates a significant decline in active U.S. home listings, marking the largest drop since 2023, with listings down 1.4% from July and nearly 3% year-over-year [1][2] - Concerns over housing costs and the economy are affecting both buyers and sellers, with expectations that home sales in 2025 will match the low levels of 2024, which was the worst year for sales since 1995 [2] - The median home sale price increased by 1.7% year-over-year to $440,004, but falling mortgage rates could lead to a potential increase in sales if they continue to decline [2][4] Market Dynamics - The average mortgage rate has reached a year-long low of 6.26%, approaching the "magic number" of 6% that could stimulate buyer interest significantly [4] - The current mortgage rate of 6% is still considerably higher than the 2.96% rate seen in 2021, which was the lowest in over 50 years, but is lower than the historical average of nearly 8% since 1971 [5] - Factors such as slower price growth, increased inventory, and stronger negotiating power are shifting the market dynamics in favor of buyers [5]

The country with the lowest home ownership in Europe is about to decide whether to hand the lucky few with property a $2.1 billion tax gift https://t.co/nyM1MJP420 ...

What time is it?Game time.$OPEN has @CanadaKaz, @rabois, and @ericwu01 starting work today.Millions of Americans are counting on them to revolutionize home ownership.A world class team tackling an insanely hard problem.I like their chances. ...