Home prices have been booming lately, rising at their fastest pace in the last 15 years. A cocktail of record-low mortgage rates, low inventory of homes, and people looking to upgrade during the pandemic has pushed the median-priced, single-family home to an all-time high. The growth can be seen just about everywhere, from small towns to big cities.
This unprecedented growth has many people starting to ask: When will the housing market crash?
Read moreMillennials only own 4% of the real estate value in the US. At the same stage in life, baby boomers owned 32% of the country’s real estate value.
We’ve all heard the stories: straddled by student loan debt, underemployed in a recovering economy, skyrocketing housing prices. It’s no surprise millennials own less real estate than our baby boomer counterparts did at our age. It seems homes are less affordable than ever.
Read more“I bought my home in 1970 for $24,000 and I sold it when I retired in 2000 for $130,000. Your home is your best investment.”
Okay, boomer.
Read moreIt’s considered “normal” these days to have almost every aspect of your life controlled by your income and your job.
Financial Liberty is the power to create the life you want without being controlled by money.
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