While many people assume that a house is what they should buy, here’s why I think you should take a look at condos over houses. … Read More
home ownership
Would you rather: buy a new car or own a home?
I argue that for most people, you can choose to buy a new car or own a home (if you can have either of them at all), but not both. … Read More
The Buy/Rent Calculator tells it like it is
The New York Times calculator showing whether to rent or buy a home is more cost-effective has a lot of wisdom, even with unhappy news. … Read More
How not to be house poor
Home ownership can be a financial disaster if you’re not careful, and one of the ways to prevent this is to not be “house poor”. … Read More
Will millennials benefit from the largest wealth transfer in history?
Millennials have gotten the short end of the economic stick for most of their adult lives. But this bad luck might be about to change. … Read More
40 year mortgages are here (maybe). Would you want one?
To help more people afford homes, there is talk of a new 40 year mortgage product. This of course would not help who it is supposed to. … Read More
Why the 30 year mortgage is actually uncommon
The U.S. is an outlier in offering a 30 year mortgage. Here’s why that is, and why you still want to be able to pay it off faster. It’s official: 30 year fixed-rate mortgages in the U.S. have reached 7%. … Read More … Read More
Why everything today is more unaffordable
If you think people today are finding that homes, cars, and student loans are unaffordable, well, you’re right. Have you ever watched Company Man on YouTube? His videos take a look at businesses, primarily restaurants, and talks about how they … Read More … Read More
Eviction in the pandemic: Owning versus renting
Why the home mortgage interest deduction is a disappointment
UPDATE: I originally made a math error below, and have corrected it. Apologies. UPDATE #2: I have another take on this. “Oh you’ve got a mortgage now!” goes Conventional Wisdom. “Now your taxes will be lower because you’ll be able to … Read More … Read More