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The Clark Howard Podcast

01.11.22 HOUSING: Cost, Supply & Building Innovation / Life Insurance Guidelines.

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.65.2K Ratings

🗓️ 11 January 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

We remain in short supply of housing units, both apartments and single family homes, while housing costs continue to rise. Clark discusses how we got here and the affordable solutions out there, in need of wider adoption. // Clark explains having life insurance from work vs buying your own policy, plus direction on shopping and purchasing life insurance to protect your family. Ask Clark topics include: Is your institution 529 eligible? / What Is a Good Credit Score? / Travel Archives - Clark Howard \\ Want more money advice? Sign up for Clark’s free daily newsletter! Free Advice: Clark's Consumer Action Center Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Destination Canada.

0:03.5

Sometimes life just gets overwhelming.

0:05.6

It's time to take a breath.

0:07.4

Unwind and relax in breath taking Canada.

0:10.3

The rugged western coastline is hung to ancient rainforests and incredible wildlife, while

0:15.0

the Rockies are home to lakes and majestic mountains.

0:18.0

Further east, discover sweeping parkland in Ontario, or serene countryside life in Canada's

0:23.6

Francophone culture.

0:39.6

Serve and empower you to make better financial decisions in your life.

0:54.5

This is going to increase the inventory of houses and make them cheaper to run.

1:09.9

This is also a time of year when people are trying to make sure they have their act together

1:15.6

in so many different ways that people are interested in life insurance.

1:22.1

I want to tell you, way too many people think they bought life insurance when they get

1:27.9

it from their employer.

1:29.3

I'm going to tell you, that's not generally a good idea why you should own your own life

1:36.2

insurance policy and how you should buy it that's coming up for you later.

1:41.9

But right now it's been such a burden on people when they're getting notices of rent increases

1:50.9

where they're renting or they may even be getting a notice from their landlord that they're

1:55.7

not going to renew your lease.

1:57.2

They're going to kick you out because they think they can make a lot more money on somebody

2:03.3

else versus the rent increase they'll try to get you to absorb.

2:09.5

This is simple supply and demand in spite of all the apartments that were built in metro

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