09.03.24 The Cost Of Pet Ownership / Florida Real Estate Alert

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.6 • 5.2K Ratings

🗓️ 3 September 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

The decision to own a pet should not be taken lightly, with veterinary hospital bill shock causing great financial strain on pet owners. Clark explains the market forces at work, and where to look for more affordable pet care. Also, a special warning if you or someone you know is considering buying a condo in Florida. There’s been a pivot in the real estate market. Pet Care Costs: Segment 1 Ask Clark: Segment 2 Alert: Buying A Florida Condo: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Survey: 91% of dog owners have experienced financial stress over the cost of pet ownership Is Pet Insurance Worth It? / 5 Best Places To Buy Pet Medicines Fidelity Rewards Credit Card Review: Invest with 2% Cash Back Target Date Funds: Clark's Favorite Retirement Investment Why Clark Says You Should Not Buy a Condo in Florida Right Now South Florida in midst of condo crisis as rising HOA fees lead to surge in listings: ‘Don’t know how I’m going to stay’ What Credit Cards Does Costco Accept? Costco Anywhere Visa® Card by Citi Review: Earn Wholesale Club and Gas Rewards Why You Should Never Mail a Check Top 7 Ways To Shop Safely Online Virtual Credit Cards: An Online Security Measure Worth Taking? Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Public.com+Public Investing: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's my pleasure to greet you here to the Clark Howard Chil.
0:08.6	You know, our mission is to serve you with advice and information that empowers you so you make better
0:15.2	financial decisions in your life and I hope you had a great Labor Day weekend.
0:22.0	I certainly know I did. What did I do this weekend? I got to be with my family.
0:27.0	You know, that includes our two dogs. and those dogs are not cheap to have. I'm going to begin today by
0:38.0	talking about the cost of pet ownership and you know also have a special warning for you if you know
0:47.5	someone or you yourself are considering buying a condo right now in the state of Florida, a special alert that is
0:57.0	specific to the problems the state of Florida is having. I'm going to tell you what you need to be aware of,
1:04.7	what you need to factor in so that you don't get burned.
1:08.3	Speaking of getting burned, pet bills are really something. You have no idea what kind of expense it is for those
1:18.0	of you that are not pet owners and especially although there can be extraordinary bills with cats, most of this is and most
1:27.8	volume at a veterinarian is for dogs.
1:32.0	The procedure is being done now and the costs that you can bear are
1:37.7	unreal even if you have some kind of pet insurance policy. Pet insurance policies are not generally
1:44.4	comprehensive and they have a lot of restrictions based on breed and age and
1:49.5	all the rest. So you're really going to be paying significant money.
1:55.0	This is an area that has also been invaded by private equity.
2:00.0	And private equity owners buy in particularly into urgent care or pet
2:07.2	hospital kind of places that are night weekend kind of things. The
2:11.7	employees there, I mean their whole job that they're
2:15.3	pressured to do is to run up a bill on you. So it's not all unusual now when you go to a pet hospital on evenings and weekends if it's not a
2:27.9	locally owned practice operated or owned by the veterinarians themselves and it's owned by a big
	...

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