House prices have cooled and will likely decline in some of the hottest markets. However, on my quest to get financing to conquer my real estate FOMO, I realized a positive datapoint for the U.S. housing market. Well-qualified borrowers are paying much lower mortgage rates than the headline rates you see in the news. There […]
Well-Qualified Borrowers Are Paying Much Lower Mortgage Rates Read More »
If you’re in the market to buy a home, I’m not sure if you should buy a fixer-upper anymore unless you’re under 40 and hungry. The cost of construction is way high and your time is valuable. Instead, you should consider buying a remodeled home to save your sanity and your marriage. I’ve bought two
Why Remodeled Homes Will Sell For Bigger Premiums Going Forward Read More »
Some people desire a gorgeous partner. While others desire so much fame they can never walk around in peace. However, real estate might be the most desirable thing of them all since we spend so much time at home. As a result, real estate FOMO could also be the hardest type of desire to overcome.
Real Estate FOMO: How To Overcome The Hardest Type Of Desire Read More »
As a kid, I loved watching martial arts movies. Drunken Master starring Jackie Chan was one of my favorites. So when I stumbled across a new old show called Kung Fu starring David Carradine, I was thrilled! I was eight years old and attending Taipei American School at the time. Each summer, I’d go back
I Could Have Been A White Man But I Remained Asian Read More »
Lending money out or asking to borrow funds from friends and family can be quite a conundrum. One of my tennis buddies told me a funny story about borrowing money from his parents. He was 28 at the time and asked for a $30,000 loan to buy a condominium. Since his parents had the spare
Lending Money To Friends And Family: How To Determine When It’s OK Read More »
As a landlord since 2005, I’m constantly faced with the dilemma of selling a rental property or renting it out whenever my tenants move out. The older and wealthier I’ve gotten, the more I prefer to sell rather than rent out. I have a love-hate relationship with owning rental properties because they allowed me to
Rent Out Or Sell An Investment Property When Inflation Is High? Read More »
A bear market is a part of investing. We must accept that losing money is the price of admission. There was a terrible bear market in March 2020, when the S&P 500 tanked by 32% in just a month. Thankfully, the bear market recovered and a bull market ensued until the end of 2021. In
A Bear Market Checklist To Thriving In A Downturn Read More »
Buying a home after huge price appreciation needs careful planning. Demand for real estate is strong and may continue to increase with the stock market near record highs, pent-up demand, and declining mortgage rates. However, depending on your purchase timing, there’s a chance you may buy a home at the top of the market without
Buying A House After Huge Price Appreciation: Important Steps To Follow Read More »
Before you can get to $1 million, or invest $250,000, you must first get to $100,000. Even though $100,000 doesn’t purchase the same amount of stuff as it did way back when, $100,000 is still a nice chunk of change. Let’s go through how I’d invest $100,000 today. For background, I’ve been investing since 1996,
How I’d Invest $100,000 Today For Reasonable Returns And Some Joy Read More »
Let’s take a look at the latest mortgages by interest rate. By understanding the composition of mortgages, we’re better able to understand how a rise in interest rates will affect the housing market and the consumer. Since November 2018, the vast majority of homeowners with a mortgage have refinanced and taken advantage of lower rates.
Mortgages By Interest Rate: Homeowner Tenure To Increase Read More »
