460: The Fast Road to FIRE and Our Housing Market Crash Predictions | Ask Mindy and Scott

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 20 October 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Will the housing market crash? If you’re like most Americans, the economy is starting to feel a bit unsettling. But, with so many homeowners locked into low mortgage rates or owning their homes outright, is there even a possibility of a housing crash, regardless of whether a recession does happen? The answer isn’t as straightforward as most people think, and if you don’t know the facts, you could get caught off guard. Mindy and Scott are back to answer YOUR money questions. This time, we’re taking questions from our Facebook Group, and MANY have to do with mortgage rates, home sales, and a potential crash. First, we answer what could cause a housing market crash in the near future. Then, a listener asks whether or not they should sell their home to pay off credit card debt. An investor wants to know if paying off their mortgage early beats the stock market, and a divorcee seeks to sell her home because of “bad juju.” The problem? She’s got a killer mortgage rate. Finally, we’ll debate stocks vs. real estate as the best path to FIRE! Got a money question you want to ask Mindy and Scott? Head over to the BiggerPockets Money Facebook group, or click here to submit your question on our next Q&A episode! In This Episode We Cover Could the housing market crash? And if so, which areas will be most affected? Crazy credit card debt and whether selling your home is worth being debt-free Should you stay in a house you hate just because you have a low rate? When leaving your business to go back to a W2 makes sense Paying off your mortgage early vs. investing in stocks when rates are sky-high The fastest path to financial freedom and whether stocks vs. real estate gets you there sooner And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott’s Book, “Set for Life” Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Money and Relationships: How to Have “The Talk” Before It’s Too Late w/Vivian Tu Seriously—Why Hasn’t the Housing Market Crashed Yet? Should You Pay Off Your Mortgage Early or Invest? I Will Teach You To Be Rich Episode 80 Click here to check the full show notes: https://www.biggerpockets.com/blog/money-460 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast where we answer questions that are direct from our Facebook group
0:06.6	But you can find at facebook.com slash group slash
0:10.3	Hello, hello, hello. My name is Mindy Jensen and with me as always is my fully employed co-host Scott trench
0:16.6	Thanks Mindy that intro is working
0:19.0	Scott and I are here to make financial independence less scary less just for somebody else to introduce you to every money story
0:26.9	And to answer your burning questions because we truly believe financial freedom is attainable for everyone
0:33.0	No matter when or where you are starting
0:34.8	That's right whether you want to retire early and travel the world go on to make big-time investments and assets like real estate
0:39.6	Start your own business or ponder questions. We can certainly provide opinions on but don't necessarily have right or wrong answers
0:46.0	We'll help you reach your financial goals and get money out of the way so you can launch yourself towards your dreams
0:50.4	Well, speak for yourself Scott. I know everything. All right
0:53.3	Here is the segment of our show called the money moment where we share a money hack tip or trick to help you on your financial journey
1:01.1	Today's money moment is go grocery shopping in the middle of the week
1:05.9	Tuesday Wednesday and Thursday are when grocery stores are more likely to have sales
1:10.8	Do you have a money tip for us email money moment at bigger pockets dot com
1:15.4	Are you tired of spending endless hours managing your rental properties?
1:19.2	Enago is here to simplify your life by saving your time and money with its free property management software
1:25.4	Whether you have one unit or one thousand residential or commercial properties Enago is built for you
1:31.8	With Enago you can say goodbye to complex and costly solutions Enago is free and easy to use
1:37.8	There's a reason Enago was rated the number one property management software by G2 for ease of use
1:43.7	Get started in under five minutes at Enago dot com slash bigger pockets
1:48.3	From tenant screening and lease signing to rent collection and work order management and everything in between
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