If you don't get in the game of home ownership and you rent in your 20s and you rent in your 30s, you're going to turn around in your 40s and having not built any net worth. >> Am I not better off renting and investing in the stock market versus buying a house? >> I want to bust this myth because what happens is people come on, they go, "The stock market over the last 20 years has averaged over 10% annually. " People go, "The returns are better in the stock market than real estate. " Yeah, but that's not ap ...

If you don't get in the game of home ownership and you rent in your 20s and you rent in your 30s, you're going to turn around in your 40s and having not built any net worth. And in fact, homeowners in America are worth 40 times more than renters. And I'm talking about ordinary Americans.>> But that doesn't mean that buying a home made them rich, right. >> It actually does. And I'm going to go through that.>> But am I not better off renting and investing in the stock market. I want to bust this myth because ...

Core Insights - Home ownership is increasingly out of reach for younger Americans due to high home prices, which are 50% higher than pre-pandemic levels, and stubbornly high mortgage rates around 6% [1] - Renting may be a more financially viable option than home ownership, contrary to traditional beliefs about the American Dream [2][3] Financial Implications - JL Collins argues that buying a home significantly inflates living costs due to hidden expenses such as insurance, repairs, and maintenance, making home ownership more expensive in the long run [3][5] - A recent LendingTree study indicates that homeowners pay 36.9% more monthly on mortgage payments compared to renters, with median monthly gross rent at $1,487 and median monthly housing costs for homeowners at $2,035, resulting in a difference of nearly $550 per month or over $6,500 annually [4] Behavioral Insights - The tendency for individuals to purchase the most expensive home they can afford leads to financial strain, as they often borrow the maximum amount a bank is willing to lend [5] - Home ownership is characterized as an "expensive indulgence," with additional costs such as furniture, appliances, landscaping, taxes, and maintenance that extend beyond the mortgage payment [5][6]

2008 all over again.Perfect timing for, CBDCs and digital IDs.Very exciting times.Nightingale 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 ...

Housing Affordability - To reduce the cost of home ownership in America, increasing housing supply is crucial [1] Regulatory Environment - Deregulation at the local level is necessary to facilitate increased housing construction [2] Solution - The solution to America's housing affordability problem is straightforward: build more housing through local deregulation [3]

Market Trends & Investment Landscape - Single-family home rentals are on the rise due to increasing difficulty in homeownership for average Americans [1] - Smaller investors are stepping in to buy single-family homes, comprising about 25% of purchases in the first half of the year, while large investors account for only about 5% [1] - Investors purchased nearly 1/3 of homes sold in Miami in Q4 2022, and about 1/4 in Atlanta; in California, investors own more than 50% of homes in 5 counties [1] Affordability & Housing Market Imbalance - High interest rates and economic uncertainty constrain the affordability index, making it difficult for the average American to afford housing [1] - In Nevada, the average income of around $50,000 is insufficient to afford a house, with older homes selling for around $350,000 and new homes around $450,000 [1] - Institutional investors' market share in residential real estate in Nevada is up 8 percentage points in 3 years, reaching 27% of the Vegas market [1] Policy & Potential Risks - Legislation to cap investor-owned homes at 100 failed, raising concerns about balancing wealth expansion and potential greed [1][2] - Privatization of Fannie Mae and Freddie Mac could introduce uncertainty and risk to the US mortgage market, valued at $14 trillion, without careful analysis [5][6][7] - Changes in Fannie and Freddie policies in 2023 have made loan-to-value ratios identical for investors and owner-occupiers [4]

Market Sentiment - The psychology underpinning the property market has fundamentally changed, indicating a shift in investor or consumer behavior [1] - Chinese savers are turning away from home ownership, suggesting a potential change in investment preferences or market conditions [1] Industry Focus - The "Drum Tower" podcast provides insights into the reasons behind the changing sentiment in the property market [1]

Market Sentiment - Property is losing its appeal as a safe investment for Chinese savers [1] - Home ownership is no longer seen as a guaranteed investment in China [1] Industry Focus - The "Drum Tower" podcast discusses the changing perception of property investment in China [1]

Home Ownership & Learning - Home ownership involves continuous learning and problem-solving [1] - Google is a resource for homeowners to acquire knowledge and skills related to home maintenance and improvement [1] User Experience - Homeowners, like Judy and Pedro, are using Google to learn about home-related topics [1] - Google helps homeowners with various tasks, from understanding construction materials to basic plumbing [1]