Real Estate

Income And Net Worth Requirements To Buy A Home At All Price Points

Now that we’ve had some fun figuring out the minimum income and net worth required to buy a $5 million home, I thought it’d be nice to be more inclusive of more homebuyers. This post will discuss the income and net worth requirements to buy a home priced from $200,000 to $50 million. The income […]

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The Minimum Income Necessary To Afford A Five Million Dollar House

A five million dollar house is big bucks in every single city in America. Once you cross the $5 million mark, it is classified in the luxury territory, even for cities such as San Francisco, Los Angeles, Seattle, and New York. Therefore, I thought it would be interesting to calculate the minimum income necessary to

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Even Zillow Can’t Trust Its Zestimates: How To Profit From Its Mistake

In a stunning turnaround, Zillow recently announced it would be getting out of the iBuying business and will shut down its Zillow Offers division. Roughly 25% or 2,000 of its staff will be let go as the company takes a $540 million write-off. “We’ve determined the unpredictability in forecasting home prices far exceeds what we

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Invest In The Single-Family Real Estate Boom Without Being A Landlord

I’m bullish on single-family homes due to rising rents, negative real mortgage rates, undersupply, and declining vacancies. As prices soften over the next 12 months due to higher mortgage rates, I’m looking to buy more property. I would buy another single-family homes, however, I’m tapped out because I bought a new single-family home in 2020.

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Primary Residence Value As A Percentage Of Net Worth Guide

Given our primary residence is likely one of our largest assets, buying responsibly is prudent. At the same time, living a better lifestyle by owning a nicer home as we get wealthier is also something many people desire. Therefore, let’s try and figure out what our appropriate primary residence value should be as a percentage

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If The U.S. Housing Market Gets As Hot As The Canadian Housing Market

I worry for renters trying to buy property and our children who have little or no earnings power. The U.S. housing market might eventually get as hot as the Canadian housing market. If so, U.S. housing prices easily see at least 30% – 50% upside. After all, the median home price in Canada is about

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