125 - College Loan Forgiveness And The First Time Home Buyer - Part 1
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 8 September 2022
⏱️ 23 minutes
🧾️ Download transcript
Summary
College loan forgiveness is happening, and it may help you buy your first home. This debt forgiveness is worth around $10,000. THAT IS FREE MONEY! But who gets it? How does it work? And what does this mean for your chances of finally being able to stop renting and start thinking about buying your first home? All the answers, and maybe more questions, as your host David Sidoni, dives into the new laws for college debt cancellation.
This podcast was started for YOU, to demystify things for first time home buyers, and help crush the confusion. After helping first timers for over 13 years, I knew there wasn’t t a lot of clear, tangible, useable information out there on the internet, so I started this podcast. Help me spread the word to other people just like you, dying for answers. Tell your friends, family, and perhaps that random neighbor you REALLY want to move out about How to Buy a Home! A really easy way is to hit the share button and text it to your friends. Go for it, help someone out. And if you’re not already a regular listener, subscribe and get constant updates on the market. If you are a regular and learned something, help me help others – give the show a quick review in Apple Podcasts or wherever you get your podcasts, or write a review on Spotify. Let’s change the way the real estate industry treats you first time buyers, one buyer at a time, starting with you – and make sure your favorite people don’t get screwed by going into this HUGE step blind and confused. Viva la Unicorn Revolution!
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Transcript
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| 0:00.0 | Woohoo! The government's going to wipe out your college debts. You can finally afford a home. |
| 0:05.4 | All right. Well, first two things. Number one, in the time that it took you to download this |
| 0:10.4 | episode or buffer it if you're watching it on YouTube, then the home that you've been watching |
| 0:15.1 | on Zillow, it may have already gone up 10,000 bucks and that's the money you got for the student |
| 0:19.0 | debt. So there's that. And then |
| 0:21.7 | number two, look, I promise I'm not going to be that snarky this episode. I'm actually here to give |
| 0:25.6 | you the recent and current information because it's really confusing. And there's some good news |
| 0:30.4 | for some of you out there. And I'm going to help summarize what the hell's going on with this |
| 0:34.5 | student loan forgiveness. Let's do this. Hey, and if you're near to the |
| 0:38.8 | page here, like, subscribe, bang that notification bell. The housing market and the financial |
| 0:44.0 | market's changing all the time. So we're going to be giving you updates twice a week on |
| 0:49.3 | this channel. Stay tuned. |
| 1:10.0 | Hello, and what's happening by how to buy a Homies looking for a handout. Who wants free money? |
| 1:12.5 | Free money! So you can finally afford to buy a house! What's up, gang? It's David Sedone. I'm your first-time |
| 1:18.5 | homebuyer champion, your king, your all-around numbers nerd. Here to help you break down the |
| 1:25.4 | facts and figures of this whole student loan thing. |
| 1:28.3 | Now, here's one of my favorite facts and figures to start. |
| 1:31.0 | Did you know that the amount of the student loan debt in America has grown to roughly |
| 1:35.5 | the size of the economy of Brazil or Australia, and those are not little places? |
| 1:42.9 | Yeah, it's bazonkers. Since 1980, the total cost of both four-year |
| 1:47.7 | public schools as well as four-year private colleges, it's nearly tripled. And that even accounts |
| 1:54.6 | when you're putting inflation into the equation. So there's been a lot of talk about this whole |
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